Mink Ventures Upsizes Previously Announced Private Placement Up To $1,000,000

Executive Summary

• Mink Ventures announced an increase in its non‑brokered private placement size from up to $500,000 to up to $1,000,000 due to strong investor demand.
• The offering consists of hard‑dollar units at $0.10 per unit and flow‑through units at $0.13 per unit, each paired with a 36‑month common share purchase warrant exercisable at $0.20.
• Net proceeds will fund exploration on the Montcalm nickel‑copper‑cobalt project, the Warren copper‑nickel project, and general working capital (for HD Unit proceeds).

Key Details

• Offering Size: Increased to gross proceeds of up to $1,000,000 (previously $500,000).
• Unit Structure:
• HD Units: 1 Common Share + 1 Warrant @ $0.10 per unit.
• FT Units: 1 Flow‑Through Share + 1 Warrant @ $0.13 per unit.
• Warrant Terms (both HD and FT): One common share, exercisable at $0.20 for 36 months from issuance.
• Flow‑Through Shares: Eligible for Canadian exploration expense tax benefits; qualifying expenditures equal to gross proceeds will be renounced to purchasers by Dec 31 2025.
• Use of Proceeds:
• Exploration and advancement of the Montcalm nickel‑copper‑cobalt project and the Warren copper‑nickel project.
• General working capital (specifically from HD Unit proceeds).
• Closing Conditions & Timeline:
• Subject to TSX‑V approval and customary closing conditions.
• Initial closing expected around Oct 15 2025; may occur in multiple tranches; no minimum gross‑proceeds threshold.
• Hold Period: Securities subject to a four‑month + one‑day hold period; not offered in the United States.
• Finder’s Fees: Up to 8% cash and non‑transferable common share purchase warrants may be issued to introducing parties, compliant with securities legislation and TSX‑V policies.

Notable Quotes

(No direct quotes were provided in the release.)