Financing Details - Tartisan Nickel Corp. has closed a non-brokered flow-through financing for gross proceeds of $999,984 through the issuance of 4,166,600 flow-through common shares at a price of $0.24 per share [1] - No commission was paid for this transaction, and it is subject to statutory hold periods of four months and one day [1] Use of Proceeds - The proceeds from the financing will be used to incur eligible Canadian Exploration Expenses (CEE) as defined in the Income Tax Act (Canada) [2] - Funds will be directed toward continued exploration and development activities at the Company's Kenbridge Nickel-Copper-Cobalt Project in Northwestern Ontario [2] Company Updates - Mark Appleby, President and CEO, expressed satisfaction with the successful financing and the advancement of drilling at Kenbridge [3] - The company is currently drilling and awaiting assays from the first completed drill hole, with expectations of meaningful resource expansion [3] - Updates will be provided as they become available [3] Company Overview - Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company [3] - The company owns the Kenbridge Nickel Project, the Sill Lake Silver Property, and the Night Danger Turtle Pond project [3][4] - As of now, there are 152,215,641 common shares outstanding, with a fully diluted total of 156,314,356 shares [4]
Tartisan Nickel Corp. Closes $1,000,000 Financing at $0.24 per Share
TMX Newsfile·2025-12-31 12:50