Each Unit consists of one (1) common share of the Company (a “Common share“) and one (1) warrant to purchase common shares of the Company (a “Deposit“), with each Warrant exercisable in one (1) common share at a price of $0.30 for a period of two (2) years, subject to the acceleration provision described herein.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus exemptions (“IS45-106“), the Units will be offered for sale to purchasers resident in all provinces of Canada, excluding Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Co-ordinated General Order 45-935 – Exemptions from certain conditions of the financing exemption of listed issuers (the “Exemption for financing of listed issuers“). The Units issued to Canadian resident subscribers under the Listed Issuer Financing Exemption, and the common shares and warrants underlying the Units, will not be subject to a hold period under applicable Canadian securities laws.
The Offering is expected to close on or about January 13, 2026 (the “Closing date“), or such other date as the Company may determine, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.
The Company may pay finder’s fees in connection with the Offering, consisting of cash equal to 8% of the gross proceeds of the Offering and finder’s warrants (the “Finders Warrants“) equal to 8% of the number of Units issued under the Offer. Each Finders Warrant will be exercisable for one (1) additional Unit at a price of $0.19 for a period of two (2) years. Each Unit consists of one (1) Common Share and one (1) Warrant. Each Warrant entitles the holder thereof to acquire one (1) Common Share at a price of $0.30 for a period of two (2) years. The Finders Warrants will be subject to a statutory hold period in Canada of four (4) months and one (1) day after the date of issuance.
If the daily volume weighted average trading price of the Common Shares on the CSE after the Closing Date is equal to or greater than $0.50 at the end of a trading day for ten (10) consecutive trading days, the Company may, in its sole discretion, accelerate the expiration date of the Warrants by not less than thirty (30) days’ notice to the Warrantholders by press release.
The Company intends to use the proceeds from the Offering for (i) exploration activities and related expenditures on its critical minerals projects at the Bathurst Mining Camp; and (ii) general and administrative obligations.
There is an offering document (the “Offer document“) related to the Offering and the Company’s use of the listed issuer financing exemption, which can be accessed through the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://ninemilemetals.com/. Potential investors should read this offering document before making any investment decision.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US securities law“) or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
About Nine Miles
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on the exploration of VMS (Cu, Pb, Zn, Ag and Au) at the world-famous Bathurst Mining Camp, New Brunswick, Canada. The company’s primary business objective is to explore the four VMS projects: the Nine Mile Brook VMS project; California Lake VMS Project; and the Canoe Landing Lake (East – West) Project and the Wedge VMS Project. The company focuses on Minerals for Technology (MFT) exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead and zinc, hedged with gold.
Cautionary Note Regarding Forward-Looking Information
This press release contains certain “forward-looking information” within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company’s plans regarding the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the Offering, the listing of the Common Shares on the CSE, the use of proceeds from the Offering and other matters. Although the Company believes such statements to be reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘plans’, ‘estimates’, ‘projects’, ‘objectives’, ‘potential’, ‘goal’, ‘objective’, ‘strategy’, ‘prospective’ and similar expressions, or that events or conditions ‘will’, ‘could’, ‘may’, ‘could’, ‘would’ or ‘should’ occur, or are statements that, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and involve a number of risks and uncertainties. Accordingly, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by applicable securities laws and the policies of the CSE, the Company assumes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration, the risk that the Company may encounter unexpected geological factors, or the possibility that the Company may be unable to obtain permits and other agency or government approvals necessary to carry out the Company’s exploration plans, risks from political uncertainties and changes in regulations or law in the jurisdictions where the company conducts business that could disrupt the company’s operations and prospects. The reader is urged to consult the company’s reports, which are publicly available on the Canadian Securities Administrators’ System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
The Canadian Securities Exchange has not reviewed the contents of this press release and accepts no responsibility for its adequacy or accuracy.
Not for distribution to news services in the United States or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279514
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