Sokoman Minerals Stock Price, News & Analysis

Sokoman Minerals (OTCQB: SICNF) has announced significant updates across three key properties in Newfoundland. At Moosehead, the company has indefinitely postponed bulk sampling due to processing challenges, but plans to implement a new drilling program including three 1,000m deep holes. At Crippleback Lake, exploration revealed promising copper mineralization with samples showing up to 5.4% copper, and Phase 1 drilling suggests potential for a porphyry copper-gold or epithermal gold system. The property has been expanded to cover 300 claims along a 22-km prospective fault line.

At Fleur de Lys, the company plans to explore unprospected anomalies in the southern portion, following up on discoveries including boulder samples with values up to 9.04 g/t Au in the Golden Bull area. The company has engaged experts and plans additional surveys, trenching, and drilling across all properties.

Sokoman Minerals Corp. (SICNF) has filed for final TSX Venture Exchange approval of its non-brokered flow-through private placement financing. The company has already closed the first tranche on April 30, 2025, issuing 6 million flow-through common shares, and upon Exchange approval, will issue an additional 2 million shares. The total financing will comprise 8 million flow-through common shares for gross proceeds of CAD$400,000. The company will pay CAD$24,000 in total finders' fees and issue 480,000 non-transferable broker warrants exercisable at CAD$0.07 for one year. The proceeds will be used for eligible Canadian exploration expenses on the company's projects, with expenditures to be completed by December 31, 2026.

Sokoman Minerals Corp (SICNF) has received conditional approval from the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6,000,000 flow-through common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in finders' fees and issue 360,000 broker warrants exercisable at CAD$0.07 for one year.

Additionally, Sokoman received CAD$150,000 through the Mineral Incentive Program from the Government of Newfoundland and Labrador. The company's treasury will strengthen to approximately CAD$1.3 million. The funds will be used for eligible Canadian exploration expenses, which must be incurred by December 31, 2026.

Sokoman Minerals Corp. (SICNF) has provided an update on their Moosehead Gold Project in central Newfoundland. The company is preparing for two bulk samples in 2025. The first conventional bulk sample is scheduled for late May/early June on the Western Trend, involving approximately 1,000 cubic metres of mineralized rock with a weighted-average gold grade of 5.78 g/t Au. P&E Mining Consultants has been contracted to provide pit shell design. The second "surgical" sample, also approximately 1,000 cubic metres, will be extracted from the Footwall Splay Zone in Q4 2025 by Novamera Inc. The company is currently in discussions with third parties regarding conventional sample processing and awaiting Novamera's formal contract for the second sample.

Sokoman Minerals Corp. (SICNF) has filed for conditional approval with the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6 million common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in cash finders' fees and issue 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year. The securities have a four-month and one-day hold period. The proceeds will be used for eligible Canadian exploration expenses on the company's projects, with a commitment to incur these expenses by December 31, 2026.

Sokoman Minerals has completed its planned spin-out of Vinland Lithium shares. Here are the key details:

• Shareholders owning at least 8,000 Sokoman shares will receive approximately 50 Vinland shares for each 8,000 shares held
• The credit becomes effective May 7, 2025
• Sokoman will distribute 2,025,126 Vinland common shares to shareholders
• Sokoman will retain 2,000,000 Vinland shares
• Vinland has approximately 10,000,000 total issued shares

Important trading updates:

• New Sokoman shares will have the security number CA83410N1096
• New Sokoman shares will be listed on May 6, 2025
• Old Sokoman shares will be delisted on May 5, 2025
• Shareholders with less than 8,000 shares will not receive Vinland shares

Benton Resources will spin out the same number of Vinland shares to its shareholders. While Vinland shares won't be listed immediately, a separate exchange listing application has been made.

Sokoman Minerals Corp (TSXV: SIC) (OTCQB: SICNF) has announced a non-brokered flow-through private placement to raise up to CAD$400,000. The offering is priced at CAD$0.05 per flow-through share, with an imminent first closing of CAD$300,000 expected. The private placement is scheduled to close by May 7, 2025.

Shareholders will receive tax benefits applicable to flow-through shares under the Income Tax Act (Canada). The funds will be used for eligible Canadian exploration expenses that qualify as flow-through mining expenditures, which must be incurred by December 31, 2026. All securities issued will have a four-month and one-day hold period.

Sokoman Minerals Corp (TSXV: SIC) (OTCQB: SICNF) has completed the planned spin-out of approximately half of its Vinland Lithium shares. Shareholders owning at least 8,000 Sokoman shares will receive approximately 50 Vinland shares for each 8,000 Sokoman shares held, effective April 30, 2025.

The company will distribute a total of 2,025,126 Vinland common shares while retaining 2,000,000 shares. Vinland has approximately 10,000,000 total issued shares. Benton Resources is simultaneously conducting a similar spin-out to its shareholders.

New Sokoman shares will be listed on the TSX Venture Exchange on April 29, 2025, with old shares being delisted on April 28, 2025. While Vinland shares won't be immediately listed on the Exchange, a separate listing application has been submitted.

Sokoman Minerals Corp (TSXV: SIC) (OTCQB: SICNF) has received shareholder approval to spin out approximately 2 million of its 4 million shares in Vinland Lithium Inc. The approval came during the annual shareholder meeting on March 21, 2025, with the distribution expected around April 30, 2025.

Vinland Lithium, which holds the Killick Lithium Project, is currently owned by Sokoman (40%), Benton Resources (40%), and Piedmont Lithium Newfoundland Holdings (20%). The spin-out ratio is approximately 50 Vinland shares per 8,000 Sokoman shares, with shareholders holding less than 8,000 shares not eligible due to administrative costs.

Notable aspects include Piedmont's CAD$2.0M investment at CAD$1.00 per share for a 19.9% stake, and their option to earn up to 62.5% direct interest in Killick Lithium by spending CAD$12.0M in exploration. Upon completing all earn-in options, Piedmont will have paid Benton and Sokoman CAD$10.0M in Piedmont Lithium shares. Both companies will retain a 2% NSR on the Killick project.