Metatek

Canaccord Genuity Acts as Sole Bookrunner to Metatek on its C$40.0 Million Initial Public Offering and Secondary Offering on the TSX

Canaccord Genuity is pleased to announce that on March 25, 2026, it completed an initial public offering and secondary offering (the “IPO”) for Metatek-Group Ltd. (TSX:MTEK) (“Metatek” or the “Company”) for total gross proceeds of C$40.0 million. Metatek and PillarFour Capital Partners Inc. (“PillarFour” or the “Selling Shareholders”) received gross proceeds of C$35.0 million and C$5.0 million, respectively. Selling Shareholders have granted an over-allotment option for additional gross proceeds of up to $6.0 million.

Metatek is a United Kingdom-based geophysical services company providing high-definition mapping of subsurface strategic and critical mineral natural resources, energy (including hydrocarbons), helium and hydrogen, for exploration and development. Unlike traditional exploration companies that rely solely on invasive or slow-moving technologies such as seismic surveys, Metatek delivers rapid data acquisition, processing and scientific interpretation across air, land, and sea environments. Metatek supports national energy security and fast-tracking of the discovery of hydrocarbons, minerals essential for sustainable power, such as lithium, nickel, and copper, as well as identifying reservoirs for natural hydrogen and geothermal energy.