Zeus North America Mining Corp. Arranges $1.5 million Private Placement

Rhea-AI Summary

Zeus North America Mining Corp. (OTCQB: ZUUZF) has announced a non-brokered private placement to raise $1.5 million through the sale of 10 million units at $0.15 per unit. Each unit consists of one common share and half of a warrant, with each full warrant allowing purchase of an additional share at $0.25 for two years. The proceeds will fund exploration programs at the company's Idaho copper projects, including the flagship Cuddy Mountain project, and Nevada properties, as well as working capital. Zeus's portfolio includes the Cuddy Mountain (101 claims), Selway (57 claims), and Great Western (38 claims) properties in Idaho, covering approximately 4,200 acres. The company recently expanded into Nevada through a letter of intent for the Delker and Bulls Eyes copper-gold properties.

Positive

• Raising $1.5 million to fund exploration programs and working capital
• Strategic location of Cuddy Mountain Property adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery
• Extensive mining claims portfolio covering 4,200 acres across Idaho
• Recent expansion into Nevada with new copper-gold properties acquisition

Negative

• Potential shareholder dilution from the issuance of new shares and warrants
• Offering price of $0.15 per unit may indicate current market weakness
• Early-stage exploration company with limited business history and no revenue
• Subject to various regulatory approvals that could delay or prevent completion

VANCOUVER, BC / ACCESS Newswire / June 20, 2025 / ZEUS NORTH AMERICA MINING CORP. (CSE: ZEUS)(OTCQB: ZUUZF)(FRANKFURT: O92) (THE "COMPANY" OR "ZEUS") is pleased to announce a proposed non-brokered private placement (the "Placement") to raise up to $1,500,000 through the sale of up to 10,000,000 units (each a "Unit") at a price of $0.15 per Unit.

Each Unit will comprise one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a "warrant"). Each warrant will entitle the holder to acquire an additional common share at a price of $0.25 per share for a period of two years.

Finder's fees may be payable on all or any portion of the Placement, which is subject to regulatory and exchange approval.

The proceeds of the Placement will be utilized for exploration programs on the Company's Idaho and Nevada copper projects, including its flagship Cuddy Mountain project, and for general working capital purposes.

Completion of the Placement is subject to certain conditions including the receipt of all necessary

approvals and the acceptance by the Canadian Securities Exchange.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

On behalf of the board of directors.

"Dean Besserer"
President and CEO

For more information, please contact the Company at info@zeusminingcorp.com

FOR INVESTOR RELATIONS CONTACT:

Kin Communications Inc. Ph: 604-684-6730
ZEUS@kincommunications.com

About Zeus North America Mining Corp.

The Company is in the business of mineral exploration. The Company is focused on its exploration properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western properties, respectively. The Idaho properties consist of 101 (Cuddy Mountain), 57 (Selway) and 38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 4,200 acres. The Company's flagship Cuddy Mountain Property is adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery. More recently, Zeus signed a binding letter of intent to option the Delker and Bulls Eyes copper-gold properties in Nevada.

Forward Looking Statements

When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, statements regarding completion of the Placement and the use of the net proceeds of the Placement. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions.

The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Zeus North America Mining Corp.

View the original press release on ACCESS Newswire

FAQ

What is the size and price of Zeus Mining's (ZUUZF) private placement offering?

Zeus Mining is offering a $1.5 million private placement through the sale of 10 million units at $0.15 per unit, with each unit including one share and half a warrant exercisable at $0.25 for two years.

How will Zeus Mining (ZUUZF) use the proceeds from the private placement?

The proceeds will be used for exploration programs on the company's Idaho copper projects, including the flagship Cuddy Mountain project, Nevada properties, and general working capital purposes.

What mining properties does Zeus Mining (ZUUZF) currently own?

Zeus Mining owns three properties in Idaho: Cuddy Mountain (101 claims), Selway (57 claims), and Great Western (38 claims), covering 4,200 acres, plus recently optioned Delker and Bulls Eyes properties in Nevada.

Where is Zeus Mining's (ZUUZF) flagship Cuddy Mountain project located?

The Cuddy Mountain project is located in Idaho, adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery.

What are the terms of the warrants in Zeus Mining's (ZUUZF) private placement?

Each unit includes half of one warrant, with each full warrant allowing the purchase of one additional common share at $0.25 per share for a period of two years.