Nine Mile Metals Announces Upsizing of LIFE Offering

Core Viewpoint - Nine Mile Metals Ltd. has increased its financing offering from gross proceeds of up to $4 million to $6.2 million due to strong investor demand [1] Financing Details - Each Unit in the offering consists of one common share and one common share purchase warrant, with the warrant exercisable at a price of $0.30 for two years [1] - The offering will be available to purchasers in all Canadian provinces except Quebec, under the listed issuer financing exemption [2] - The expected closing date for the offering is around January 19, 2026, subject to regulatory approvals [3] Finder's Fees - The company may pay finder's fees of 8% of the gross proceeds in cash and issue finder warrants equal to 8% of the number of Units sold [4] - Each Finders Warrant will allow the purchase of one additional Unit at a price of $0.19 for two years, subject to a four-month hold period [4] Warrant Expiry Acceleration - If the daily volume-weighted average trading price of the common shares reaches or exceeds $0.50 for ten consecutive trading days, the company may accelerate the expiry date of the warrants with a 30-day notice [5] Use of Proceeds - Proceeds from the offering will be allocated for exploration activities and related expenses on critical minerals projects in the Bathurst Mining Camp, as well as general administrative obligations [6] 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, with a primary objective to explore four VMS projects [9]