Maxus Mining Announces Flow-Through Financing

Executive Summary

• Maxus Mining Inc. announced a non‑brokered private placement of up to 2,272,727 flow‑through shares at C$1.10 per share, targeting gross proceeds of up to C$2,499,999.70.
• Proceeds will be used exclusively for eligible Canadian exploration expenses on the Company’s project portfolio, with all qualifying expenditures to be renounced to shareholders by December 31 2025.
• The offering is exempt under NI 45‑106, subject to a four‑month statutory hold period and required CSE approvals.

Key Details

• Offering Size: Up to 2,272,727 flow‑through (FT) shares.
• Price per FT Share: C$1.10.
• Maximum Gross Proceeds: C$2,499,999.70.
• Structure: Each FT share consists of one common share issued as a flow‑through share under the Canadian Income Tax Act.
• Use of Proceeds: 100 % allocated to eligible “Canadian exploration expenses” that qualify as flow‑through mining expenditures on Maxus’s Canadian projects (Penny Copper, Quarry Antimony, Lotto Tungsten, Altura Antimony, Hurley Antimony).
• Renunciation Deadline: All qualifying expenditures will be renounced in favour of FT shareholders effective 31 Dec 2025.
• Exemptions Utilised: Accredited investor and minimum amount investment exemptions under NI 45‑106 (Prospectus Exemptions) across all Canadian provinces.
• Statutory Hold Period: Shares subject to a hold period ending four months plus one day after the closing date of the offering.
• Conditions Precedent: Completion contingent upon receipt of all necessary approvals, including CSE approval and any other regulatory consents.
• Finder’s Fees: Company may pay finder’s fees to third parties sourced by finders.

Notable Quotes

• “The proceeds from this private placement will accelerate our exploration program across a diversified portfolio of high‑potential projects in British Columbia, positioning Maxus for future growth.” – Scott Walters, CEO & Director.