Nio Strategic Metals Announces Flow-Through Shares Private Placement to Advance Oka Explorations

Executive Summary

• Nio Strategic Metals Inc. announced a private placement of 6,000,000 flow‑through common shares for gross proceeds of approximately $750,000.
• The offering includes issuance of 175,000 finder’s warrants at an exercise price of $0.15 per share and payment of $26,250 in commissions.
• Proceeds will be used exclusively for qualifying Canadian exploration expenditures on the Oka and Fafnir properties, with renunciation commitments to subscribers by December 31 2026.

Key Details

• Offering size: 6,000,000 flow‑through common shares.
• Gross proceeds: ~ $750,000 CAD.
• Pricing / Terms: Shares qualify as “flow‑through” under subsection 66(15) of the Canadian Income Tax Act.
• Finder’s Warrants: 175,000 warrants issued; each warrant allows purchase of one common share at $0.15 per share for 24 months from issuance.
• Commission expense: $26,250 payable to finders.
• Regulatory conditions: Subject to final acceptance by the TSX Venture Exchange and all required regulatory approvals; four‑month hold period applies from issuance date.
• Use of proceeds: Solely for qualifying Canadian exploration expenditures on Oka and Fafnir properties in Quebec to evaluate niobium and other critical metals.
• Renunciation commitment: Proceeds will be renounced to subscribers no later than 31 Dec 2026, in an amount not less than total gross proceeds.

Notable Quotes

(No executive quotes were included in the release.)