Nuvau Minerals Announces Amendment to Private Placement Terms

Core Viewpoint - Nuvau Minerals Inc. has amended the terms of its brokered private placement offering, aiming to raise up to $20 million through the issuance of units and flow-through shares [1][2]. Offering Details - The offering consists of up to 18,750,000 units priced at $0.80 per unit, targeting gross proceeds of up to $15 million [1]. - Additionally, the company plans to issue up to 5,555,555 flow-through common shares at $0.90 per share, aiming for gross proceeds of up to $5 million [2]. - The proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses, with at least 30% qualifying as flow-through critical mineral mining expenditures [2]. Related Party Transaction - A director of the company intends to sell up to 400,000 common shares to subscribe for an equivalent number of flow-through shares under the offering [4]. - This transaction is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Closing Timeline - The closing of the unit offering is expected around February 24, 2026, while the flow-through offering is anticipated to close on or about March 6, 2026 [6]. - The completion of the offering is subject to certain conditions, including conditional approval from the TSX Venture Exchange [6]. Additional Information - The agents involved in the offering have an option to sell additional units or flow-through shares, potentially raising an extra $5 million in gross proceeds [7]. - Nuvau Minerals is currently in the exploration and development phase, with its principal asset being the right to earn a 100% interest in the Matagami property from Glencore [9].