NICKEL CREEK PLATINUM ANNOUNCES INCREASE TO NON-BROKERED PRIVATE PLACEMENT

On November 3, 2025, Nickel Creek Platinum announced an increase to its non-brokered private placement, which was previously announced on October 29, 2025. The offering of common shares remains at 465,000 shares at a price of $2.15 per share. The flow-through share portion has been increased from 434,782 shares to 478,260 shares at a price of $2.30 per share.

Following the increase, the total gross proceeds from the financing are expected to be approximately $2.1 million. The proceeds are designated for the 2026 drill program, permitting activities, holding costs at the Nickel Shäw Project, and general corporate purposes. The company's major shareholder, Electrum Strategic Opportunities Fund L.P., is noted as an investor in the placement.

The increase to the private placement is a positive development, but its direct impact is routine rather than material. The increase represents approximately $100,000, a ~5% increase on the initially announced ~$2.0 million financing. While minor, it signals stronger-than-expected investor demand for the offering, which is a good sign.

The more significant event is the financing itself. Reviewing the company's financial statements from July 31, 2025 (for the period ending June 30, 2025), reveals a dire financial situation. The company had only $347,446 in cash and a working capital deficiency. With a six-month operating cash burn of $461,568, the company was on the verge of insolvency. This ~$2.1 million financing is therefore critical for the company's survival and its ability to fund operations through 2026, including a planned drill program.

The financing prices of $2.15 (common) and $2.30 (flow-through) are noteworthy. They represent a significant discount to the recent 52-week high of $4.45 reached in early October but are a substantial premium over the stock's price for most of the past year. The participation of their major shareholder, Electrum, provides a strong vote of confidence and helps de-risk the financing.

In conclusion, the increase itself is a routine positive footnote. The material event is the successful arrangement of a life-saving financing that allows the company to continue advancing its flagship project.

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 polymetallic deposit containing nickel, copper, cobalt, and platinum group metals (PGMs). The company's focus is on advancing the project through exploration and permitting. The property is described as royalty-free in previous company disclosures (not provided here, but based on general knowledge).