Maxus Mining Announces Closing of Flow Through Private Placement

Executive Summary

• Maxus Mining Inc. closed a non‑brokered private placement of 2,364,091 flow‑through shares at C$1.10 per share, generating gross proceeds of C$2,600,500.10.
• Proceeds will be used to fund eligible Canadian exploration expenditures on the Company’s project portfolio.
• An aggregate cash finder’s fee of $155,700 was paid to GloRes Securities Inc.; securities are subject to a four‑month‑plus‑one‑day statutory hold period.

Key Details

• Offering size: 2,364,091 flow‑through shares (FT Shares).
• Price per FT Share: C$1.10.
• Gross proceeds: C$2,600,500.10.
• Use of proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures on Maxus’s Canadian projects (Penny Copper, Lotto Tungsten, Antimony projects, etc.).
• Renunciation: All qualifying expenditures will be renounced in favour of the FT Share subscribers effective December 31 2025.
• Finder’s fees: $155,700 paid to GloRes Securities Inc. for placement services.
• Hold period: Statutory hold period of four months and one day applies to the securities issued.
• Regulatory notice: Shares are not registered under U.S. securities laws; they may not be offered or sold in the United States or to U.S. persons without exemption or registration.

Notable Quotes

• “The successful closing of this financing provides us with the capital needed to advance our exploration programs across a diverse portfolio of high‑potential projects,” – Scott Walters, Chief Executive Officer & Director.