Business
Nine Mile Metals Announces Closing of LIFE Offering
Toronto, Ontario--(Newsfile Corp. - January 21, 2026) - Nine Mile Metals Ltd. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce that it has closed its previously announced private placement for gross proceeds of $4,631,250 through the issuance of 24,374,997 units of the Company (each, a "Unit") at a price of $0.19 per Unit (the "Offering"). Each Unit is comprised of one (1) common share of the Company (a "Common Share") and one (1) common share...
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - January 21, 2026) - Nine Mile Metals Ltd. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce that it has closed its previously announced private placement for gross proceeds of $4,631,250 through the issuance of 24,374,997 units of the Company (each, a "Unit") at a price of $0.19 per Unit (the "Offering").","length":427,"tagName":"p"},{"type":"text","content":"Each Unit is comprised of one (1) common share of the Company (a "Common Share") and one (1) common share purchase warrant of the Company (a "Warrant"), with each Warrant exercisable into one (1) Common Share at a price of $0.30 for a period of two (2) years, provided that if the daily volume-weighted average trading price of the Common Shares on the CSE equals or exceeds $0.50 for ten (10) consecutive trading days, the Company may, at its discretion, accelerate the expiry date of the Warrants by providing not less than thirty (30) days' notice to Warrant holders via press release.","length":612,"tagName":"p"},{"type":"text","content":"Patrick J. Cruickshank, CEO & Director, commented: "We are encouraged by the significant investor interest in this financing, which resulted in the offering being oversubscribed. This support enables us to accelerate our growth initiatives while maintaining a disciplined approach to capital allocation. In addition to the Offering, the Company has received over $1 million from the exercise of warrants during the past few weeks. We are positioned strongly for the next 24 months and the new capital will enable us to execute an extensive exploration program for the next 2 years."","length":596,"tagName":"p"},{"type":"text","content":"In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares and Warrants issued to purchasers resident in Canada are immediately freely tradeable in accordance with applicable Canadian securities laws.","length":5...