Germanium Mining Announces Closing of Private Placement

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[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA, DECEMBER 24, 2025 – GERMANIUM MINING CORP. ( “GMC”, OR THE “COMPANY”) (CSE: GMC; OTCQB: EMSKF; FSE: 1I30)  has closed its previously announced  private placement (see news release of December 9, 2025) totalling 1,250,000 million units (each a “ Unit ”) at $0.20 per unit for gross proceeds of  CAD $250,000 (the “ Private Placement” ). Each unit consists of one common share (each, a “ Share ”) and one transferable common share purchase warrant (each, a “ Warrant” ). Each warrant entitles the holder to purchase one additional share of the Company at $0.30 per share for a period of 12 months from the date of issuance. The net proceeds from the placement will be allocated toward exploration activities, for general corporate purposes including arm's-length payables. No finders' fee was payable on this financing. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day as required under applicable securities legislation. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the 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 “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. At the Company’s AGM, held on December 23, 2025, a total of 1,778,056 common shares, or 15.3% of the 11,612,217 issued and outstanding common shares of the Company as at the record date of the Meeting, were voted at the Meeting by proxy. The following matters were approved by the affirmative vote of the requisite majority of the votes represented at the Meeting: setting the number of directors of the Company at four;  appointing Emily Sewell, Mario Pezzente, Benoit Moreau and Dennis Aalderink as directors; and  appointing DMCL LLP as auditors of the Company for the fiscal year ending March 31, 2026.  In addition, the Company has granted a total of 613,000 restricted share units to consultants under the Company's omnibus equity incentive plan. About Germanium Mining Corp. GMC is a publicly tra...

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