Business
Muzhu Mining Announces Closing of First Tranche of Financing and Upsize of Private Placement Offering to Advance the Everett Titanium Project in Quebec
Vancouver, British Columbia – TheNewswire - December 11, 2025 – Muzhu Mining Ltd. (CSE: MUZU) (OTCPK: MUZU.F) (FSE:Y33) ("Muzhu" or the “Company”), is pleased t
About this update from North Atlantic Titanium Corp
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - December 11, 2025 – Muzhu Mining Ltd. (CSE: MUZU) (OTCPK: MUZU.F) (FSE:Y33) (\"Muzhu\" or the “Company”), is pleased to announce that the Company has closed the first tranche of its previously announced non-brokered offering (the “Offering”) for gross proceeds of $250,000, pursuant to which the company issued 3,125,000 flow-through units of the Company (the “FT Units”) at a price of $0.08 per FT Unit. In addition, due to strong investor demand, the company has upsized the Offering from aggregate gross proceeds of $750,000 to $1,000,000. The Offering shall consist of securities of the Company (the “Offered Securities”) for aggregate gross proceeds to the Company of up to $1,000,000 in a combination of: a) up to $500,000 in units of the Company (the “Units”) at a price of $0.06 per Unit. Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”); and b) up to $500,000 in flow-through units of the Company (the “FT Units”) at a price of $0.08 per FT Unit. Each FT Unit will consist of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one Warrant. Each Warrant shall entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.10 per Warrant Share at any time up to 24 months following the closing of the Offering. The net proceeds from the sale of Units will be used to fund the initial option payment for the Everett titanium property in Quebec (the “Everett Property”), working capital and general corporate purposes. The gross proceeds from the sale of FT Units will be used for surface exploration, metallurgical testing, and verification of historical exploration work at the Everett Property. Upon permitting, diamond drilling is planned for selected locations in the northern extremity of the Everett oxide body. The entire gross proceeds from the issue and sale of the FT Units will be used for Canadian Exploration Expenses (“CEE”) as “flow-through critical mineral mining expenditures” as such term is defined in the Tax Act (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2026 and renounced with an effective date no later than December 31, 2025 to t...