Morien Announces Upsize of Non-Brokered LIFE Financing

Core Viewpoint - Morien Resources Corp. is increasing its non-brokered LIFE financing to offer up to 8,888,889 common shares at a price of $0.18 per share, aiming for gross proceeds of up to $1,600,000 due to strong investor demand [1]. Financing Details - The LIFE Offering is set to close on or about December 16, 2025, pending customary conditions and necessary approvals, including from the TSX Venture Exchange [3]. - The net proceeds from the LIFE Offering are expected to support Morien's operations for an estimated four to five years, covering working capital and general corporate purposes [4]. Project and Partnership Updates - Morien plans to use the funds to advocate for the restart of operations at the Donkin Mine, progress the Lazy Head Aggregate Project in partnership with Carver Companies, and evaluate a Newfoundland aggregate opportunity [4]. - The company continues its relationship with Vulcan Materials Company regarding the Black Point Quarry Project and a $400,000 milestone payment owed to Morien [4]. Share Offering Conditions - The Offered Shares may be sold on a private placement basis in Canada (excluding Québec), the United States under available exemptions, and other jurisdictions as determined by the company [5]. - Shares issued under the Listed Issuer Financing Exemption to Canadian residents will not be subject to a hold period under Canadian securities laws [5]. Company Overview - Morien is a mining development company based in Nova Scotia, established in 2012, with primary assets including royalties from the Donkin Mine and the Black Point Project [7]. - The company emphasizes shareholder returns over corporate size and has 51,292,000 issued and outstanding common shares, with a fully diluted position of 53,992,000 [7].