Business
Morien Announces Closing of $1.6 Million Non-Brokered LIFE Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Morien Resources Corp.
[{"type":"text","content":"Morien Announces Closing of $1.6 Million Non-Brokered LIFE Financing\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES HALIFAX, Nova Scotia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Morien Resources Corp. (“Morien” or the “Company”) (TSX-V: MOX) is pleased to announce that it has closed its previously announced non-brokered Listed Issuer Financing Exemption offering (the “LIFE Offering”), raising gross proceeds of $1,600,000 through the issuance of 8,888,889 common shares (the “Common Shares”) of the Company at a price of $0.18 per share. The LIFE Offering was well supported by existing shareholders, management, directors, and new investors. Insiders of the Company subscribed for an aggregate of 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. The net proceeds of the LIFE Offering, together with existing cash on hand, are expected to provide Morien with sufficient financial resources to support its operations for an estimated 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; andRemain 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 (the “U.S. Securities Act”), and other jurisdictions outside of Canada and the United States determined by the Company. The Common S...