Mink Ventures Upsizes Previously Announced Private Placement Up To $1,000,000

Core Viewpoint - Mink Ventures Corporation has increased its non-brokered private placement offering from gross proceeds of up to $500,000 to $1,000,000 due to additional investor demand [1] Offering Details - The Offering will consist of hard dollar units (HD Units) priced at $0.10 each and flow-through units (FT Units) priced at $0.13 each [1] - Each HD Unit includes one common share and one warrant, allowing the holder to acquire one common share at an exercise price of $0.20 for 36 months [2] - Each FT Unit consists of one flow-through common share and one FT warrant, with similar terms as the HD Units [3] Tax Implications - FT Shares will be issued as "flow-through shares" under the Income Tax Act (Canada), with proceeds used for eligible resource exploration expenses [4] - Qualifying expenditures will be renounced to initial purchasers of FT Units by December 31, 2025 [4] Use of Proceeds - The net proceeds from the Offering will be allocated to the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital [5] Closing Conditions - The Offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and may close in multiple tranches starting around October 15, 2025 [6] - Finder's fees may be paid to introducing parties, consisting of up to 8% cash and non-transferable warrants [6] Company Overview - Mink Ventures Corporation is a Canadian mineral exploration company focused on critical minerals in Ontario, with a portfolio that includes the Montcalm and Warren projects [7] - The Montcalm project is adjacent to Glencore's former Montcalm Mine, which historically produced 3.93 million tonnes of ore with grades of 1.25% Ni, 0.67% Cu, and 0.051% Co [7] - The company has 25,678,888 common shares outstanding [7]