NICKEL CREEK PLATINUM ANNOUNCES CLOSING OF $1.5 MILLION TRANCHE OF PRIVATE PLACEMENT

Executive Summary

• Nickel Creek Platinum Corp. closed the first tranche of its private placement, raising approximately C$1.5 million.
• Issued 350,000 common shares at $2.15 and 326,087 flow‑through shares at $2.30 to Electrum Strategic Opportunities Fund L.P.
• Proceeds are earmarked for the 2026 exploration drill program, permitting activities, holding costs at the Nickel Shäw Project, and general corporate working capital.

Key Details

• Shares Issued – Common: 350,000 shares @ C$2.15 per share → C$752,500 gross proceeds.
• Shares Issued – Flow‑Through (FT): 326,087 FT shares @ C$2.30 per share → C$750,000 gross proceeds.
• Total Gross Proceeds: Approximately C$1.5 million.
• Potential Second Tranche: May close in December 2025; amount not disclosed.
• Use of Net Proceeds (Common Shares): Fund 2026 exploration drilling, ongoing permitting, holding costs at the Nickel Shäw Project, and general corporate expenses/working capital.
• Use of Gross Proceeds (FT Shares): Fund 2026 drill program as Canadian Exploration Expenses and flow‑through mining expenditures; amounts to be renounced to purchasers by Dec 31 2025.
• Hold Period: All issued Common and FT shares subject to a statutory four‑month plus one‑day hold period from the closing date.
• Finder’s Fee: Mine Equities Ltd. received 19,565 common shares (6% of gross proceeds from FT shares) at a deemed price of $2.30 per share as a finder's fee.
• Related Party Transaction: Electrum holds >10 % of outstanding Common Shares; transaction qualifies for MI 61‑101 exemptions because participation will not exceed 25 % of the fair market value of the Company’s market capitalization.

Notable Quotes

“The Nickel Shäw Project has the critical minerals the world needs. The funds being raised will be used in 2026 to further explore for additional nickel and copper mineralization.” – Stuart Harshaw, President & CEO