Meryllion Announces Non-Brokered Private Placement

Rhea-AI Summary

Meryllion (OTC:MYRLF) intends to complete a non-brokered private placement of up to 12,000,000 common shares at $0.05 per share for gross proceeds up to $600,000. Proceeds are earmarked for exploration activities and working capital. Shares will carry a four-month-and-one-day hold period. Closing is subject to CSE approval and other regulatory consents. The company has drilling permits and a budgeted drilling program ready to start on close, with management expecting drilling results within 60 days of closing. Management noted adjacent ABX reported a high-grade mixed rare earth carbonate, but said adjacent results are not necessarily indicative of Meryllion leases.

Positive

• Planned proceeds up to $600,000
• Drilling permits already in place
• Budgeted drilling program ready to start on close
• Expected drilling results within 60 days of close

Negative

• Potential dilution of up to 12,000,000 shares
• Financing subject to CSE and regulatory approval
• Issued shares subject to 4-month-and-1-day hold

Key Figures

Private placement shares: 12,000,000 shares Placement price: $0.05 per share Gross proceeds: $600,000 +5 more

8 metrics

Private placement shares 12,000,000 shares Maximum common shares offered in non-brokered private placement

Placement price $0.05 per share Offer price for private placement shares

Gross proceeds $600,000 Maximum gross proceeds from private placement

Hold period 4 months and 1 day Statutory hold period on placement shares

Dysprosium content 4.0% Dy as % of Total Rare Earth Oxides in ABX MREC

Terbium content 0.7% Tb as % of Total Rare Earth Oxides in ABX MREC

Drilling results timeline 60 days Anticipated time to drilling results after placement closure

Pre-news share price $0.001 Last price before announcement; at 52-week low

Market Reality Check

Price: $0.0314 Vol: Volume 102 vs 20-day avg ...

low vol

$0.0314 Last Close

Volume Volume 102 vs 20-day avg 3025 (relative volume 0.03 before this news). low

Technical Price at 0.001, trading below 200-day MA of 0.02 before this private placement.

Peers on Argus

Before this news, MYRLF was up 11.11% with low volume, while key Basic Materials...

Before this news, MYRLF was up 11.11% with low volume, while key Basic Materials peers (NWPG, USLIF, WESMF, WTCRF, NMNZF) all showed 0% change, indicating a stock-specific setup rather than a sector-wide move.

Market Pulse Summary

This announcement outlined a non-brokered private placement of up to 12,000,000 shares at $0.05 for ...

Analysis

This announcement outlined a non-brokered private placement of up to 12,000,000 shares at $0.05 for gross proceeds of up to $600,000, with a hold period of four months and one day. Proceeds are earmarked for exploration and working capital, including drilling that may yield results within 60 days of closing. Before the news, the stock traded at $0.001, at its 52-week low and well below the $0.02 200-day MA, highlighting both financing needs and dilution risk investors may monitor.

Key Terms

non-brokered private placement, finders' fees, Total Rare Earth Oxides (TREO), ionic adsorption REE, +2 more

6 terms

non-brokered private placement financial

"its intention to complete a non-brokered private placement of up to 12,000,000"

A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.

finders' fees financial

"In connection with the Private Placement, finders' fees may be payable"

A finders' fee is a payment made to a person or firm that introduces two parties who then complete a business deal, such as a sale, investment or loan. Think of the finder as a matchmaker who gets paid for bringing the parties together; for investors this matters because the fee reduces the deal’s net proceeds, can affect returns, and may signal a potential conflict of interest that should be disclosed.

Total Rare Earth Oxides (TREO) technical

"as a percentage of Total Rare Earth Oxides (TREO), more than twice"

Total rare earth oxides (TREO) is a single-number measure that adds up the concentrations of all rare earth elements in a sample, expressed as their oxide forms. Investors use TREO like a grade on a product label — higher TREO means a richer deposit or material, which usually increases its economic value and potential supply importance for technologies such as electric motors, wind turbines, and electronics.

ionic adsorption REE technical

""Drilling Meryllion's ionic adsorption REE is proposed as a highly valuable"

Ionic adsorption REE are rare earth elements that cling loosely to the surfaces of clay minerals and can be recovered by washing the clay with a mild salt solution rather than hard-rock mining. For investors, they matter because this deposit type is generally cheaper and faster to extract, so discoveries or changes in production can quickly affect supply, prices, and the economics of companies supplying materials for high-tech and clean-energy products.

Qualified Person regulatory

"Mark J. Pryor, SACNASP, is a Qualified Person as defined by National"

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

National Instrument 43-101 regulatory

"Qualified Person as defined by National Instrument 43-101 -Standards of Disclosure"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce its intention to complete a non-brokered private placement of up to 12,000,000 common shares in the capital stock of the Company at a price of $0.05 per share for gross proceeds of up to $600,000 (the "Private Placement"). The Private Placement may be oversubscribed.

In connection with the Private Placement, finders' fees may be payable to eligible arm's length persons with respect to certain subscriptions accepted by the Company in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the "CSE").

Closing of the Private Placement is subject to obtaining all required approvals, including the approval of the CSE and any other regulatory approval. All shares issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws.

The proceeds from the Private Placement will be used by Meryllion to fund exploration activities and for working capital purposes.

Meryllion CEO, Richard Revelins, said, "We have been closely following our immediate neighbours ABX Resources (ASX: ABX), who sit along strike and adjacent to Meryllion's leases. On December 2, 2025 ABX reported that The Australian Nuclear Science and Technology Organisation (ANSTO) has produced the first mixed rare earth carbonate (MREC) from the Deep Leeds resource in northern Tasmania. The ABX MREC contains 4.0% Dysprosium (Dy) and 0.7% Terbium (Tb) as a percentage of Total Rare Earth Oxides (TREO), more than twice that of any other peer MREC. Furthermore, the ABX MREO also contains the highest amounts of other valuable heavy rare earths and very low impurities, including aluminum, uranium and thorium. Meryllion already has drilling permits in place and has a fully budgeted drilling program ready to commence upon the closure of private placement. It is anticipated that drilling results would be available within 60 days of closure.

"Drilling Meryllion's ionic adsorption REE is proposed as a highly valuable and low risk exploration opportunity whilst the Company awaits permitting approvals for drilling its Makenzie antimony/gold/silver project in Nye County Nevada."

Note that information disclosed from adjacent properties is not necessarily indicative to the mineralization on Meryllion's leases.

Qualified Person:

Mark J. Pryor, SACNASP, is a Qualified Person as defined by National Instrument 43-101 -Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure set out in this news release. Mr. Pryor is an independent consultant to the Corporation.

About Meryllion Resources Corporation:

Meryllion is an exploration-stage company listed on the CSE. The Company recently entered into a lease and option agreement in respect of the Makenzie gold/silver/antimony project located 44 kms south-southwest of Austin, Nevada in the Toiyabe Range of central Nevada. Makenzie is known to be one of the largest untested gold, silver and antimony anomalies in the state of Nevada.

Meryllion also has the rights to acquire up to a 100% interest in the Westbury and Tasmanian Strategic Green Metals ionic adsorption clay (IAC) hosted rare earth elements (REE) projects located in northeast Tasmania, Australia with a total tenement area of approximately 800 kms2. Meryllion's IAC REE projects are situated along strike, and/or adjacent to, discoveries by ABx Group Limited (ASX: ABX). ABx has reported that Tb (Terbium) and Dy (Dysprosium) concentrations in all of ABx's rare earths resources are the highest of any ionic adsorption clay deposit in Australia and are amongst the highest globally (refer ABx's ASX announcement dated 5 May 2025).

For further information, please contact:

Mr. Richard Revelins
Director and Chief Executive Officer
Meryllion Resources Corporation

+1-310-405-4475
rrevelins@peregrinecorporate.com

Forward-Looking Statements:

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277769

FAQ

What is the size and price of Meryllion's private placement (MYRLF) announced December 11, 2025?

Up to 12,000,000 shares at $0.05 per share for gross proceeds up to $600,000.

How will Meryllion use the funds from the MYRLF private placement?

Proceeds will be used for exploration activities and for working capital.

When can investors expect Meryllion drilling results after the MYRLF placement closes?

Management anticipates drilling results within 60 days of closing the private placement.

Are there restrictions on resale for shares issued in the MYRLF private placement?

Yes. All shares issued will be subject to a four-month-and-one-day hold period under applicable securities laws.

Does Meryllion already have permits to begin drilling after the MYRLF financing?

Yes. The company said it has drilling permits in place and a fully budgeted program ready to commence on close.

Is the MYRLF financing guaranteed to close on December 11, 2025?

No. Closing is subject to obtaining required approvals including CSE and other regulatory consents.