NICKEL CREEK PLATINUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

On October 29, 2025, Nickel Creek Platinum announced a non-brokered private placement to raise approximately $2.0 million. The financing consists of two components: 1. Up to 465,000 common shares at a price of $2.15 per share for gross proceeds of up to $999,750. 2. Up to 434,782 flow-through common shares at a price of $2.30 per share for gross proceeds of up to $999,998.60.

The proceeds will be used to fund the 2026 drill program, ongoing permitting activities, holding costs at the Nickel Shäw Project, and for general corporate and working capital purposes. The company's strategic investor, Electrum Strategic Opportunities Fund L.P., intends to participate in the placement. The financing is subject to TSX Venture Exchange approval. A trading halt was put in place on the same day pending this news.

This financing is a necessary and positive step for Nickel Creek Platinum, effectively removing the imminent risk of insolvency and funding the company through its next exploration season.

A review of the company's Q2 2025 financial statements (as of June 30, 2025) reveals a precarious financial position. The company had only $347,446 in cash with a working capital of just $170,450. In the first six months of 2025, the company used $461,568 in cash for operating activities, indicating a monthly burn rate of approximately $77,000. Without this new capital injection, the company's ability to continue as a going concern was in serious doubt.

The terms of the financing are reasonable for a company in this position. The issue prices of $2.15 (common) and $2.30 (flow-through) represent a discount of 14% and 8% respectively to the prior day's closing price of $2.50, which is an acceptable level. Crucially, this financing includes no warrants, which is a significant improvement over the May 2025 financing ($350k at $0.60 per unit with a full warrant at $0.60) and is far less dilutive to existing shareholders over the long term.

The raise of ~$2.0 million is substantial relative to the company's market capitalization of ~$15.5 million and its previous cash position. It provides a clear runway to execute a 2026 drill program, which is a key catalyst for value creation. The continued participation of their main strategic investor, Electrum, provides a strong vote of confidence.

However, the event is categorized as "Routine - Positive" rather than "Material." For a junior exploration company, raising capital is a recurring and essential part of the business cycle. While positive, this news doesn't fundamentally alter the asset's intrinsic value; rather, it allows the company to continue its work to prove that value. The financing is dilutive, increasing the share count by approximately 14.5%, a necessary cost for survival and progress.

Nickel Creek Platinum Corp. is a Canadian mining exploration and development company. Its flagship asset is the 100% owned Nickel Shäw Project, located in the Yukon, Canada. The project is a large, undeveloped deposit of nickel, copper, cobalt, and Platinum Group Metals (PGMs). The company is focused on exploring and advancing this project towards development. Reflecting its status as a junior explorer with financial constraints, the company moved its listing from the Toronto Stock Exchange (TSX) to the TSX Venture Exchange (TSX-V) in December 2024 to reduce costs and gain financing flexibility.