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Maxus Mining Investors Exercise $354,300 CDN in Warrants
Globenewswireยท2025-06-16 21:00

Group 1: Company Financials - Maxus Mining Inc. announced that investors exercised 1,771,500 common share purchase warrants, generating gross proceeds of $354,300 from May 16, 2025, to June 13, 2025 [1] - The capital raised will strengthen the Company's balance sheet and will be allocated for future exploration, new projects or acquisitions, corporate development, marketing, and working capital [2] Group 2: Marketing Agreement - The Company entered into a marketing agreement with RMK Marketing Inc. for a term of 6 months starting June 18, 2025 [3] - RMK will provide various marketing services, including coordinating marketing actions, optimizing AdWords campaigns, and managing online marketing projects [4] - The Company will compensate RMK $250,000, with an option to increase the advertising budget up to $350,000 during the term [5] Group 3: Company Overview - Maxus Mining Inc. is focused on mineral exploration, aiming to locate, acquire, and develop economic mineral properties in premier jurisdictions [6] - The Company has a diverse portfolio of exploration properties, including approximately 7,244 hectares across multiple projects, such as four antimony projects and the Penny Copper Project [6] - The Penny Copper Project has a history of exploration activity and recent sampling returned copper values up to 2,388 ppm Cu [7] Group 4: Project Highlights - Historical samples from the Quarry Antimony Project showed significant mineralization, including 0.89% Au and 20% Sb [8] - The Lotto Tungsten Project has reported high tungsten grades, with a selected grab sample assaying 10.97% Wo3 [8] - The Altura and Hurley Antimony projects are strategically located near recent high-grade discoveries, with assays up to 69.98% Sb and 19.2% Sb reported [8]