North American Niobium and Critical Minerals Corp. Announces Closing of Oversubscribed $1.96m Flow-Through Financing

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[{"type":"image","alt":"North American Niobium and Critical Minerals Corp.","displaySize":"","headline":null,"caption":"North American Niobium and Critical Minerals Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":202,"url":"https://media.zenfs.com/en/globenewswire.com/7e9742fd3685aa7d1f8b247a4868b77d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VO9sNLJtS5Y0dNfVUlgvkA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7e9742fd3685aa7d1f8b247a4868b77d","width":300,"height":202}},"lazy":false},{"type":"text","content":"- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -","length":80,"tagName":"p"},{"type":"text","content":"Vancouver, BC, Dec. 12, 2025 (GLOBE NEWSWIRE) -- North America Niobium and Critical Minerals Corp. (CSE: NIOB) (FSE: IOR) (OTCQB: NIOMF) (“North American Niobium” or the “Company”) is pleased to announce, further to its news release of December 4, 2025, that the Company has closed the previously announced non-brokered private placement of flow-through common shares in the capital of the Company (each, an “FT Share”) by the issuance of 1,351,955 FT Shares at $1.45 per FT Share for gross proceeds of $1,960,334.75, exceeding the proposed amount previously announced (the “Oversubscribed Offering”)","length":600,"tagName":"p"},{"type":"text","content":"The gross proceeds from the issuance of the FT Shares will be used to incur eligible “Canadian exploration expenses” in Quebec that qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada). The Company has agreed to renounce such qualifying expenditures with an effective date of no later than December 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of FT Shares, and incur such expenses by December 31, 2026.","length":529,"tagName":"p"},{"type":"text","content":"In connection with the Oversubscribed Offering, the Company paid finder’s fees to eligible finders consisting of $137,223.43 in cash and 94,636 common share purchase warrants (the “Finder’s Warrants”). Each Finder’s Warrant is exercisable to acquire one common share in the capital of the Company at an exercise price of $1.45 for a period of 24 months from the date of issuance.","length":379,"tagName...

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