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TORONTO, ONTARIO (December 22, 2025) TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME|OTC: LMEFF|FSE: 5YD) (“LAURION” or the “Corporation”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) consisting of flow-through units (the “FT Units”). Pursuant to the Private Placement, the Corporation issued 4,619,130 FT Units at a subscription price of $0.33 per FT Unit, for aggregate gross proceeds to the Corporation of $1,524,313.
Any FT unit consists of one common share of the Corporation (each a “FT share“) and one-half of one common stock purchase warrant (each a “Deposit“). Each Warrant entitles its holder to acquire one non-flow-through common stock of the Corporation at a price of $0.39 per share for a period of 24 months from the date of issuance. The FT shares and the warrants comprising the FT units qualify as “flow-through shares” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax law“).
The gross proceeds of the Private Placement will be used for “Canadian exploration expenses” (within the meaning of the Tax Act), which, once waived, will qualify as “flow-through mining expenses” as defined in the Tax Act, which will be waived with an effective date not later than December 31, 2025 (provided that the subscriber deals at arm’s length with the Corporation at all relevant times) to the initial purchasers of FT Units in an aggregate amount of not less than the gross proceeds from the issuance of the FT Units. LAURION intends to use the proceeds from the private placement to advance the Corporation’s 2026 drilling program at the Ishkõday property. The planned drilling will focus on key areas within the A-Zone/McLeod and CRK Trend, as well as the historic Sturgeon River Mine area. These zones have been prioritized based on their structural characteristics, surface observations and past drilling results, as LAURION continues to build on its growing knowledge of the wider mineralized system.
“This funding will allow us to continue advancing our disciplined, technically driven approach to unlocking the potential of the Ishkõday system,” said Cynthia Le Sueur-Aquin, President and CEO. “We focus on areas with strong structural and geological signals, guided by strong technical fundamentals and a clear long-term value creation strategy.”
In connection with the Private placementcertain independent finders received a total of $66,559 in cash finders’ commissions and a total of 201,693 finders’ warrants. Every finder’s order entitles its holder to purchase one non-transfer common stock of the Corporation at a price of $0.33 per share for a period of 24 months from the date of issuance.
In accordance with applicable Canadian securities laws, all securities issued under the Private Placement are subject to a four-month, one-day hold period expiring on April 23, 2026. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the “TSXV“).
About LAURION Mineral Exploration Inc.
The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on OTCPINK under the symbol LMEFF. LAURION now has 278,716,413 shares outstanding, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.
LAURION’s focus is on the exploration and development of its flagship project, the 100% owned 57 km mid-phase2 Ishkõday Project, and its gold-rich polymetallic mineralization.
LAURION’s main priority remains maximizing shareholder value. Much of the company’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday project. A consequence of LAURION’s success and progress in recent years is that the company has been positioned as an acquisition target for suitable potential acquirers. Accordingly, the Company’s Board of Directors is aware that potential strategic alternatives and transaction opportunities may arise and/or be acquired in the short to medium term. The Company will promptly issue a press release if a material change occurs.
FOR MORE INFORMATION PLEASE CONTACT:
LAURION Mineral Exploration Inc.
Cynthia Le Sueur-Aquin – Chairman and CEO
Tel: 1-705-788-9186 Fax: 1-705-805-9256
Douglas Vass – Investor Relations Advisor
E-mail: info@laurion.ca
Website: http://www.LAURION.ca
Follow us on: (@LAURION_LME), Instagram (lauric mineral) and LinkedIn ()
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events, including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the use of the proceeds from the Private Placement, the Company’s ability to advance, expand and/or develop the business Ishkõday Project and all possible strategic alternatives and transaction opportunities that may arise and/or be acquired in the future regarding the company. The forward-looking statements involve risks and uncertainties. Actual events and any future results, performance or achievements expressed or implied by such forward-looking statements may differ materially from those projected herein, including as a result of a change in the trading price of LAURION’s common shares, with the TSXV not providing final approval for the Private Placement. (including the payment of finder’s fees in connection therewith) or any strategic alternatives or transaction opportunities, the interpretation and actual results of current exploration activities, future prices of gold and/or other metals, and the factors disclosed in the Company’s publicly filed documents. Investors should consult the Company’s ongoing quarterly and annual financial statements, as well as any other supplementary documentation included in the Company’s public disclosures, for additional information regarding risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to place undue reliance on these forward-looking statements. Subject to applicable law, the Company disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature are not necessarily representative of the overall quality of mineralized areas. Readers are cautioned not to place undue reliance on the test values reported in this press release.
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