Toronto, Ontario — January 5, 2026 — Leads & Copy — Nine Mile Metals Ltd. is set to launch a private placement offering up to 21,052,632 units at $0.19 each, aiming to raise up to $4,000,000. Each unit includes one common share and one common share purchase warrant. Warrants can be exercised for one common share at $0.30 within two years, with an acceleration clause.
The offering is available to purchasers in all Canadian provinces except Quebec, and other qualifying jurisdictions, following National Instrument 45-106 guidelines. Units issued under the Listed Issuer Financing Exemption will not be subject to a hold period under Canadian securities laws.
The closing is expected around January 13, 2026, pending regulatory approvals. Finder’s fees may include cash (8% of gross proceeds) and finder warrants (8% of units issued). Each finder warrant allows the purchase of one additional unit at $0.19 for two years and is subject to a four-month statutory hold period in Canada.
Nine Mile Metals may expedite the warrant expiry if the common share price on the CSE reaches or exceeds $0.50 for ten consecutive trading days, given a 30-day notice via press release.
Proceeds from the offering will fund exploration on critical minerals projects in the Bathurst Mining Camp and cover general administrative costs.
An offering document is available on SEDAR+ and the company’s website. This announcement is not an offer to sell securities in the United States; securities have not been registered under the U.S. Securities Act of 1933.
Nine Mile Metals Ltd. focuses on VMS exploration in the Bathurst Mining Camp, New Brunswick, targeting minerals needed for EV and green technologies.
Patrick J. Cruickshank, MBA, is the CEO and Director of Nine Mile Metals Ltd. He can be reached at 506-804-6117 or patrick@ninemilemetals.com.
Source: Nine Mile Metals Ltd.
