Nine Mile Metals Closes Oversubscribed Flow Through Private Placement
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) closed an oversubscribed non-brokered flow-through private placement on October 29, 2025. The Company issued 20,000,000 Units at $0.02 per Unit for total gross proceeds of $400,000 (originally $250,000). Each Unit includes one common share and one warrant exercisable at $0.05 for 36 months. The company paid $8,000 in commissions and issued 400,000 compensation warrants. Proceeds are earmarked for exploration on the NB Critical Minerals Projects in the Bathurst Mining Camp. Three current directors subscribed to 2,250,000 Units ($45,000). Securities are subject to a four-month-plus-one-day hold period.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) ha chiuso un collocamento privato flow-through oversubscritto non brokerato il 29 ottobre 2025. L'azienda ha emesso 20.000.000 unità a 0,02$ per unità per un capitale lordo totale di 400.000$ (originariamente 250.000$). Ogni unità include una comune azione e una warrant exercitabile a 0,05$ per 36 mesi. L'azienda ha pagato 8.000$ in commissioni ed emesso 400.000 warrant di compensazione. I proventi sono destinati all'esplorazione sui progetti NB Critical Minerals nel Bathurst Mining Camp. Tre attuali direttori hanno sottoscritto 2.250.000 unità (45.000$). I titoli sono soggetti a un periodo di lock-up di quattro mesi più un giorno.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) cerró una colocación privada flow-through oversubscrita no-brokered el 29 de octubre de 2025. La empresa emitió 20,000,000 unidades a 0,02$ por unidad para unos ingresos brutos totales de $400,000 (originalmente $250,000). Cada unidad incluye una acción ordinaria y una warrant ejercitable a $0.05 por 36 meses. La empresa pagó $8,000 en comisiones y emitió 400,000 warrants de compensación. Los ingresos están destinados a exploración en los Proyectos NB Critical Minerals en Bathurst Mining Camp. Tres directores actuales suscribieron 2,250,000 unidades ($45,000). Los valores están sujetos a un período de retención de cuatro meses más un día.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE)은 2025년 10월 29일에 초과청약된 비중개(flow-through) 비공개 배정으로 마감했습니다. 회사는 20,000,000 유닛을 유닛당 0.02$에 발행했고 총 총매출은 400,000$ (원래 250,000$)입니다. 각 유닛에는 보통주 한 주와 36개월간 행사 가능한 0.05$의 워런트가 포함됩니다. 회사는 커미션으로 8,000$을 지불했고 400,000 보상 워런트를 발행했습니다. 자금은 Bathurst Mining Camp의 NB Critical Minerals 프로젝트 탐사에 배정됩니다. 현 이사 3명이 2,250,000 유닛(45,000$)를 구독했습니다. 유가증권은 4개월+1일의 보유 기간이 적용됩니다.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) a clôturé un placement privé flow-through sursouscrit non-broké le 29 octobre 2025. La société a émis 20 000 000 unités à 0,02$ par unité pour un produit brut total de 400 000$ (au départ 250 000$). Chaque unité comprend une action ordinaire et un warrant exerçable à 0,05$ pendant 36 mois. La société a versé 8 000$ en commissions et a émis 400 000 warrants de compensation. Les fonds serviront à l’exploration des projets NB Critical Minerals dans le Bathurst Mining Camp. Trois administrateurs actuels ont souscrit à 2 250 000 unités (45 000$). Les valeurs mobilières sont soumises à une période de détention de quatre mois et un jour.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) schloss am 29.10.2025 eine überbuchte, nicht-brokerte Flow-Through-Private-Platzierung ab. Das Unternehmen emittierte 20.000.000 Einheiten zu 0,02$ pro Einheit für einen Bruttoerlös von 400.000$ (ursprünglich 250.000$). Jede Einheit enthält eine Stammaktie und eine Ausübungserlaubnis für 0,05$ für 36 Monate. Das Unternehmen zahlte 8.000$ an Provisionen und emittierte 400.000 Kompensations-Warrants. Die Mittel sind für die Exploration der NB Critical Minerals-Projekte im Bathurst Mining Camp vorgesehen. Drei derzeitige Direktoren zeichneten 2.250.000 Einheiten (45.000$). Wertpapiere unterliegen einer Lock-up-Periode von vier Monaten plus einem Tag.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) أغلقت طرحاً خاصاً من نوع flow-through غير وسيط في 29 أكتوبر 2025. أصدرت الشركة 20,000,000 وحدة بسعر 0.02$ للوحدة لإجمالي عوائد brut قدرها 400,000$ (في الأصل 250,000$). يتضمن كل وحدة سهماً عادياً واحداً و< b>0.05$ لمدة 36 شهراً إمكانية ممارسة. دفعت الشركة 8,000$ عمولات وأصدرت 400,000 warrants تعويضية. ستخصص العوائد لاستكشاف مشاريع NB Critical Minerals في Bathurst Mining Camp. ثلاثة أعضاء مجلس إدارة حاليين اشتَرَوْا 2,250,000 وحدة (45,000$). تخضع الأوراق المالية لفترة حجز تبلغ أربعة أشهر زائد يوم واحد.
Nine Mile Metals (OTCQB: VMSXF / CSE: NINE) 于 2025 年 10 月 29 日结束了一次超额认购的非经纪流通通道私募认购。公司发行了20,000,000 股单位，单位价格为 0.02 美元，总毛收入为 400,000 美元（原为 250,000 美元）。每份单位包含一股普通股与一份可在 36 个月内以 0.05 美元行使的认股权证。公司支付了 8,000 美元 的佣金并发行了 400,000 份补偿性认股权证。募集资金用于 Bathurst Mining Camp 的 NB Critical Minerals 项目勘探。现任三名董事订阅了 2,250,000 股单位（45,000 美元）。证券受四个月加一天的锁定期约束。
- Oversubscribed raise: $400,000 closed
- Issued 20,000,000 Units at $0.02
- Proceeds allocated to NB Critical Minerals exploration
- Insiders subscribed 2,250,000 Units ($45,000)
- Potential dilution: 20,400,000 additional shares from warrants
- Warrants exercisable at a low $0.05 for 36 months
- Issued shares subject to 4 months + 1 day hold period
Toronto, Ontario--(Newsfile Corp. - October 29, 2025) - NINE MILE METALS LTD- (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces the closing of the oversubscribed Non-Brokered Flow Through Private Placement financing (the "Offering"). The Company issued 20,000,000 units (each, a "Unit") at a price of
Each Unit consists of one common share of the Company and one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one common share at a price of
Proceeds will be used for exploration activities and related expenses on our NB Critical Minerals Projects in the Bathurst Mining Camp.
Three current directors of the Company participated in the flow through private placement and purchased 2,250,000 Units for (
In connection with the Offering, the Company paid commissions of an aggregate of
The issuance of Common Shares will not result in a new insider or control person. The Common Shares, and any Common Shares to be issued on exercise of the Warrants, are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the Units.
Patrick J Cruickshank, CEO & Director stated, "We are pleased to have closed this funding, including a strategic investor, and we are organizing the mobilization of our previously announced Drill Program at the Wedge Critical Mineral Project."
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals Exploration (CME) VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East-West) VMS and the Wedge VMS Projects. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
ON BEHALF OF NINE MILE METALS LTD.
'Patrick J. Cruickshank, MBA"
Chief Executive Officer and Director
Tel: (506) 804-6117
Email: patrick@ninemilemetals.com
The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and reviewed and approved by Gary Lohman, B.Sc., P. Geo., VP Exploration and Director who acts as the Company's Qualified Person and is not independent of the Company.
Forward-Looking Information :
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek, "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272322
FAQ
How much did Nine Mile Metals (VMSXF) raise in the October 29, 2025 private placement?
What does each Unit include in the Nine Mile Metals flow-through private placement?
How will Nine Mile Metals (NINE / VMSXF) use the proceeds from the financing?
Did company insiders participate in Nine Mile Metals' October 2025 placement (VMSXF)?
What commission and compensation warrants were issued in the Nine Mile Metals offering?
When can holders trade the Common Shares issued in Nine Mile Metals' private placement?
