Muzhu Mining Announces Closing of First Tranche of Financing and Upsize of Private Placement Offering to Advance the Everett Titanium Project in Quebec

Executive Summary

• Muzhu Mining closed the first tranche of its non‑brokered offering, raising $250,000 from the sale of 3,125,000 flow‑through units at $0.08 each.
• Due to strong demand, the total target size was increased from $750,000 to $1,000,000, comprising up to $500,000 of regular units ($0.06 per unit) and up to $500,000 of additional flow‑through units ($0.08 per FT unit).
• Net proceeds will fund option payment for the Everett titanium property, working capital, surface exploration, metallurgical testing, and future diamond drilling at the Everett Property.

Key Details

• First Tranche Closed: Gross proceeds of $250,000 from 3,125,000 FT Units at $0.08 per unit.
• Upsized Offering Target: Aggregate gross proceeds increased to up to $1,000,000.
• Units: Up to $500,000 of units at $0.06 per Unit (each Unit = 1 common share + 1 warrant).
• FT Units: Up to $500,000 of flow‑through units at $0.08 per FT Unit (each FT Unit = 1 flow‑through share + 1 warrant).
• Warrant Terms: Each warrant allows purchase of one common share at $0.10 for up to 24 months after the closing.
• Use of Proceeds – Units: Fund initial option payment for the Everett titanium property (Quebec), plus working capital and general corporate purposes.
• Use of Proceeds – FT Units: Finance surface exploration, metallurgical testing, verification of historic work at Everett Property; plan diamond drilling pending permitting.
• Flow‑through Tax Treatment: All gross proceeds from FT Units will be used for Canadian Exploration Expenses (CEE) as flow‑through critical mineral mining expenditures, to be incurred by Dec 31 2026 and renounced by Dec 31 2025.
• Finder’s Fees: Cash fee equal to 8% of gross proceeds sourced by each finder plus finder’s warrants up to 8% of securities sourced; warrants exercisable at $0.06 for 24 months.
• Holding Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period from the closing date.
• Subsequent Tranche Expected: Anticipated closing on or about Dec 23 2025, subject to regulatory approvals (including CSE).

Notable Quotes

• “The strong investor demand underscores confidence in our strategic focus on the Everett titanium deposit and other high‑potential projects,” – Dwayne Yaretz, CEO.