Nine Mile Metals Announces Private Placement of up to $4 Million

Core Viewpoint - Nine Mile Metals Ltd. is conducting a private placement to raise up to $4,000,000 through the issuance of up to 21,052,632 units at a price of $0.19 per unit [1][4]. Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable into one common share at a price of $0.30 for two years [2]. - The offering is expected to close around January 13, 2026, subject to regulatory approvals [4]. - The company may pay finder's fees of 8% of the gross proceeds and issue finder's warrants equal to 8% of the units issued [5]. Regulatory Compliance - The units will be offered to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption [3]. - Units issued under this exemption will not be subject to a hold period under Canadian securities laws [3]. Use of Proceeds - Proceeds from the offering will be allocated to exploration activities and related expenses for critical minerals projects in the Bathurst Mining Camp, as well as general administrative obligations [7]. Company Overview - Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada [10]. - The company aims to explore four VMS projects and is positioning itself for the demand in EV and green technologies that require copper, silver, lead, and zinc [10].