Core Viewpoint - Sokoman Minerals Corp. is seeking final approval for its non-brokered flow-through private-placement financing, aiming to raise a total of CAD$400,000 through the issuance of 8,000,000 flow-through common shares [1][2]. Financing Details - The first tranche of the financing closed on April 30, 2025, with 6,000,000 flow-through common shares issued [2]. - Upon receiving Exchange approval, an additional 2,000,000 flow-through common shares will be issued, bringing the total to 8,000,000 shares [2]. - The company will pay CAD$6,000 in cash finders' fees for the second tranche, totaling CAD$24,000 in finders' fees for the entire financing [3]. Use of Proceeds - The gross proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses, which qualify as flow-through mining expenditures, by December 31, 2026 [4]. - The company intends to allocate the flow-through proceeds specifically to its exploration projects [5]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship project is the 100%-owned Moosehead project, along with other projects like Crippleback Lake and Fleur de Lys [6]. - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7].

Core Points - Sokoman Minerals Corp. has closed the first tranche of its CAD$400,000 non-brokered flow-through private-placement financing, raising CAD$300,000 through the sale of 6,000,000 FT common shares at CAD$0.05 each [1][2] - The company plans to utilize the proceeds from the financing to fund eligible Canadian exploration expenses, which will be renounced in favor of the subscribers of the FT Shares [4] - The company has received CAD$150,000 from the Government of Newfoundland and Labrador through the Mineral Incentive Program to support its exploration efforts [5] Financial Details - The first tranche of the financing includes cash finders' fees totaling CAD$18,000 and 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year [2] - The total treasury of the company is expected to strengthen to approximately CAD$1.3 million following this financing [2] Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing primarily on gold projects [6] - The company's flagship projects include the Moosehead, Crippleback Lake, and Fleur de Lys projects, targeting Dalradian-type orogenic gold mineralization [6] - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6][7]

Core Insights - Sokoman Minerals Corp. is preparing for the first of two bulk samples at the Moosehead Gold Project, scheduled for extraction in late May or early June 2025, depending on contractor availability and unforeseen factors [1][3] - The first bulk sample will involve approximately 1,000 cubic meters of mineralized rock with a weighted-average gold grade of 5.78 grams per tonne [2][3] - The company is in discussions for processing the conventional sample and expects a formal contract from Novamera Inc. for a second surgical sample to be extracted in Q4 2025 [3][4] Company Activities - The first bulk sample will utilize conventional drill and blast methods on the Western Trend [2] - P&E Mining Consultants has been contracted to provide a proposed pit shell and drill pattern for the sample extraction [2] - Novamera Inc. is finalizing hole locations for the second sample, which will also be approximately 1,000 cubic meters [3] Equipment and Logistics - The drill rig for the second sample is currently in transit from Europe after maintenance and will first be used for a similar bulk sample for Great Atlantic Resources [4] Analytical Techniques - Samples will be analyzed by Eastern Analytical Ltd. in Springdale, Newfoundland, using standard fire assay methods and total pulp metallic analysis [12][13] Company Overview - Sokoman Minerals Corp. is a discovery-oriented company focused on gold projects in Newfoundland and Labrador, including the Moosehead, Crippleback Lake, and Fleur de Lys projects [14] - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [14] - In October 2023, Sokoman completed an agreement with Piedmont Lithium Inc. to advance a lithium project [15]

Core Viewpoint - Sokoman Minerals Corp. is seeking conditional approval for a CAD$400,000 non-brokered flow-through private-placement financing and has closed the first tranche, raising CAD$300,000 through the issuance of common shares [1][2]. Financing Details - The first tranche involves the issuance of 6,000,000 common shares at CAD$0.05, resulting in gross proceeds of CAD$300,000 [2]. - The company will pay cash finders' fees of CAD$18,000 and issue 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year [2]. - All securities issued are subject to a four-month and one-day hold period, with final approval dependent on the Exchange [3]. Use of Proceeds - The proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as defined in the Income Tax Act (Canada), by December 31, 2026 [4]. - The company intends to allocate the flow-through proceeds specifically to its exploration projects [5]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship projects include the Moosehead, Crippleback Lake, and Fleur de Lys projects, targeting Dalradian-type orogenic gold mineralization [6]. - The company has formed a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7]. - The East Alder Project has been optioned to Canterra Minerals Inc., and the Startrek Project has been optioned to Thunder Gold [8]. Acknowledgments - The company expresses gratitude to the Government of Newfoundland and Labrador for financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program [9].

St. John's, Newfoundland--(Newsfile Corp. - April 28, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") further to its April 25, 2025 news release, the Company announces that its planned spin-out of approximately half of its shares of Vinland Lithium Inc. ("Vinland") has been completed. Accounts holding at least 8,000 Sokoman shares will see approximately 50 Vinland shares credited for each 8,000 Sokoman shares owned with the credit effective May 7, 2025. Details of the ...

Core Viewpoint - Sokoman Minerals Corp. has successfully completed the spin-out of approximately half of its shares in Vinland Lithium Inc. to its shareholders, with the distribution effective April 30, 2025 [1][2]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing primarily on gold projects, including the flagship Moosehead project and others targeting Dalradian-type orogenic gold mineralization [4]. - The company has entered a strategic alliance with Benton Resources Inc. for large-scale joint-venture properties in Newfoundland [4]. Spin-Out Details - The spin-out involves a total of 2,025,126 common shares of Vinland being distributed to shareholders, while Sokoman will retain 2,000,000 shares of Vinland [2]. - Shareholders holding at least 8,000 Sokoman shares will receive approximately 50 Vinland shares for every 8,000 Sokoman shares owned [1][2]. - New Sokoman shares will be listed on the TSX Venture Exchange on April 29, 2025, while Old Sokoman shares will be delisted effective April 28, 2025 [3]. Market Context - Vinland has made a separate application for listing its shares on the TSX Venture Exchange, although no Vinland shares will be listed upon the closing of the spin-out [3].