Business
Nuinsco Resources Closes Private Placement
Toronto, January 8, 2026– TheNewswire - Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI) today announced it has issued 73,180,000 common shares
About this update from Nuinsco Resources Limited
[{"type":"text","content":" Toronto, January 8, 2026– TheNewswire - Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI) today announced it has issued 73,180,000 common shares (each, a “Share”) at a subscription price of $0.005 per Share for aggregate proceeds of $365,900 as part of the private placement announced November 7, 2025 (the “Offering”). Proceeds from the Private Placement will be used to advance the Company’s Prairie Lake critical metals project located near Terrace Bay, Ont. 61,000,000 Shares qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada). The flow-through shares will be renounced with an effective date no later than December 31, 2025, to the initial purchasers in an aggregate amount not less than the gross proceeds raised; 12,180,000 Shares are not flow-through shares. As announced on December 18, 2025, the Offering can now close up to February 2, 2026. None of the securities offered in the Offering have been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Nuinsco Resources Limited Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently the Company has the large multi-commodity (phosphate, rare earth element, niobium, tantalum) Prairie Lake Project near Marathon-Terrace Bay, the Zig Zag Lake Property (lithium, tantalum) near Armstrong optioned to First Class Metals PLC, and the el Sid near-term gold project in Egypt and retains a NSR royalty on the Sunbeam Gold Property near Atikokan. Forward-Looking Statements The information in this news release may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document. All statements, other than stat...