Nuinsco Announces Private Placement

Executive Summary

• Nuinsco Resources Ltd. announced a non‑brokered private placement of up to 100 million flow‑through and/or common shares at $0.005 per share, expected to close around December 4, 2025.
• Proceeds from flow‑through shares will fund advancement of the Prairie Lake critical minerals project; proceeds from common shares are earmarked for general corporate purposes.
• The release includes an updated mineral resource estimate for Prairie Lake (≈900 Mt total, 15.6 Mt indicated, 871.8 Mt inferred) and highlights a higher‑grade domain identified using a 5 % P₂O₅ cut‑off.

Key Details

• Placement Size & Pricing: Up to 100,000,000 shares (flow‑through and/or common) at $0.005 per share.
• Closing Date: Expected on or about December 4, 2025.
• Use of Proceeds:
• Flow‑through proceeds → work to advance Prairie Lake critical minerals project (phosphate & REE).
• Common share proceeds → general corporate purposes.
• Prairie Lake Resource Update:
• Total MRE ≈ 900 Mt (15.6 Mt indicated, 871.8 Mt inferred) at a 2 % P₂O₅ cut‑off.
• Sensitivity analysis using a 5 % P₂O₅ cut‑off identifies:
  • 65 Mt inferred MRE (5.9 % P₂O₅) and 1.2 Mt indicated MRE (5.8 % P₂O₅).
• Metallurgical studies show potential for clean phosphate concentrate with valuable REE co‑concentrate; niobium co‑product under investigation.
• Resource Metrics (selected):

• Logistical Advantages of Prairie Lake: proximity to skilled workforce, all‑weather forest road, Highways 17 & 11, CN/CP rail lines, 230 kV power line, Marathon deep‑water port (50 km), Thunder Bay & Sault Ste. Marie ports, and Marathon airport.
• Qualified Person: Laura Giroux, P.Geo, Chief Geologist – NI 43‑101 qualified person reviewed technical content.

Notable Quotes

• “The identification of a higher‑grade domain within Prairie Lake significantly enhances the project’s potential and aligns with our strategy to develop critical mineral assets that support green technologies.” – Paul Jones, CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.