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Cullinan Metals completes $505K debt settlement by issuing shares to creditors, preserving cash reserves.

Company Fundamentals
25 May 2026
TheNewswire
View Source
Neutral
pluang ai news

Cullinan Metals Corp. has completed a debt settlement by issuing 1,486,090 common shares valued at $0.34 each to creditors, settling $505,272 of debt. Insiders participated in the settlement, which was exempt from certain regulatory approvals due to its size relative to market capitalization. This move helps preserve the company's treasury as it advances exploration projects in Canada, including the Oculus Rare Earth and Burnt Pond projects, both with significant mineral potential. The shares issued are subject to regulatory approval and a hold period under Canadian securities laws.

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