HALIFAX, Nova Scotia — December 17, 2025 — Leads & Copy — Morien Resources Corp. (TSX-V: MOX) announced today it has closed its previously announced non-brokered Listed Issuer Financing Exemption offering (LIFE Offering), raising gross proceeds of $1,600,000.
The company issued 8,888,889 common shares at a price of $0.18 per share.
Existing shareholders, management, directors, and new investors supported the LIFE Offering. Insiders of the Company subscribed for 650,753 common shares. The company did not file a material change report in respect of insiders’ participation in the LIFE Offering at least 21 days prior to closing, as such participation was not known at that time.
Morien expects the net proceeds of the LIFE Offering, along with existing cash, to support its operations for four to five years.
During this period, the company intends to:
Continue to advocate for a restart of operations at the Donkin Mine.
Advance permitting, environmental review, and technical work at the Lazy Head Aggregate Project through its partnership with Carver Companies.
Progress, alongside Carver, an early-stage technical and commercial evaluation of a Newfoundland aggregate opportunity.
Remain engaged with Vulcan Materials Company regarding the status and timing of its Final Investment Decision for the Black Point Quarry Project and the associated $400,000 milestone payment owed to Morien.
The LIFE Offering was made pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions, in each of the provinces and territories of Canada other than Quebec. The common shares were also offered for sale in the United States pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended, and other jurisdictions outside of Canada and the United States determined by the company.
Shares issued under the Offering will not be subject to a statutory hold period pursuant to applicable Canadian securities laws, although common shares issued to the insiders will be subject to a four-month hold period under TSX Venture Exchange policies. The company paid fees of CAD $12,240 to certain intermediaries regarding the LIFE Offering.
Morien is a Nova Scotia based, mining development company created in 2012. Its primary assets are a royalty on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia.
Subsequent to the LIFE Offering, the Company has 60,180,889 issued and outstanding common shares and a fully diluted position of 62,330,889.
Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
jbudreski@morienres.com
Source: Morien Resources Corp.
