Nine Mile Metals Announces Completion of Private Placement Financing

Company Update - Nine Mile Metals Ltd. has closed a private placement raising $53,332 through the issuance of 1,066,640 units at a price of$0.05 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.08 for 24 months [2] - The proceeds from the private placement will be used for operating expenses, including legal and audit fees, and general working capital [3] Management and Shareholder Information - Charles MaLette, the Company's President, acquired 400,000 units in the private placement for investment purposes, with the transaction approved by the board of directors [4] - The Company did not conduct a formal valuation in connection with the private placement, relying on exemptions under Multilateral Instrument 61-101 [4] Company Profile - Nine Mile Metals Ltd. is focused on Critical Minerals VMS exploration in the Bathurst Mining Camp, New Brunswick, Canada [5] - The Company aims to explore four VMS projects: Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge, positioning itself for the demand in EV and green technologies [5]