Sixty North Gold to Close First Tranche of Non-Brokered $1,500,000 Unit Offering

Core Viewpoint - Sixty North Gold Mining Ltd. is set to close a first tranche of a non-brokered financing of up to 13,636,363 units at an offering price of $0.11 per unit, with the first tranche expected to close around November 5, 2025 [1][2]. Financing Details - The company anticipates closing up to 5,454,545 units in the first tranche, generating gross proceeds of up to $600,000 [2]. - Each unit consists of one common share and one non-transferable common share purchase warrant, with each warrant exercisable at $0.15 for a period of 24 months from the closing date [2]. Finder's Fees - Eligible finders will receive an 8% cash fee and 8% in warrants based on the proceeds received from investors [3]. Use of Proceeds - Proceeds from the offering will be allocated for further exploration and development of the Mon Gold Property in NWT, as well as for general working capital requirements [4]. Company Overview - Sixty North Gold is developing mining operations for gold on its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold in the 1990s [5]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tpd gravity-flotation mill [5]. Additional Exploration Potential - The property hosts additional gold, silver, and base metal targets that will be explored and developed as warranted [6]. - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) gold or better, contributing to a total production of over 14 million ounces of gold [6].