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Vortex Metals Inc. announced a private placement to raise up to $850,000 through the sale of 17 million units at $0.05 each. Each unit comprises one common share and one-half warrant, allowing the purchase of additional shares at $0.06 for three years, with an acceleration clause if the stock price exceeds $0.20 for 10 consecutive trading days after 12 months.

The funds will support exploration at the Illapel Copper-Silver Project in Chile and working capital. The offering is subject to regulatory approvals and may occur in multiple tranches.