Germanium Mining closes first tranche of financing

Executive Summary

• Germanium Mining Corp. has closed the first tranche of its non-brokered private placement, raising $300,000 in gross proceeds to fund 2026 exploration programs.
• The company is advancing plans for drill permit applications and a comprehensive 2026 airborne magnetic and electromagnetic survey at its 100%-owned Lac Du Km 35 property in Quebec.
• The Lac Du Km 35 property hosts the Laganiere showing, which returned 186 ppm germanium, the highest value ever reported from an outcrop in Quebec, with new remote sensing identifying structural corridors and electromagnetic anomalies as priority targets.

Key Details

• Financing Details:
  • Closed first tranche of non-brokered private placement.
  • Aggregate gross proceeds: $300,000.
  • Issued 937,500 common shares on a flow-through basis.
  • Price per share: $0.32 CAD.
  • Use of proceeds: Eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures for projects in Quebec.
  • Finder’s fee: $21,000 cash plus 65,625 non-transferable finder warrants (exercise price $0.32/share).
  • Resale restrictions: Hold period of four months and one day from issuance.
  • Subject to approval of the Canadian Securities Exchange.
• Exploration Plans (2026):
  • Planning for drill permit applications is underway.
  • Property-wide airborne magnetic and electromagnetic survey planned for April 2026 (weather permitting).
  • Survey specifications: Line spacing not exceeding 75 metres; elevation below 30 metres.
  • Data integration: New airborne data will be combined with recent remote-sensing results and historical data (1978) to generate 1:5,000-scale GIS maps for optimizing drill collar locations.
• Lac Du Km 35 Property & Laganiere Showing:
  • Laganiere showing returned 0.02% (186 ppm) germanium, the highest outcrop value in Quebec.
  • Remote sensing identified a prominent circular feature (~300m diameter) near the showing, intersected by three northeast-trending structural corridors.
  • Faribault shear zone (FSZ) located ~450m southwest of the showing; identified as a regionally significant structural control.
  • Target area includes the zone between the FSZ and the Laganiere showing, including a ~400m x 400m cluster of untested electromagnetic anomalies.
• Market Context:
  • Germanium is listed as a critical metal in Canada, the US, and EU.
  • China banned germanium exports to the US on Dec 3, 2024.
  • Recent spot prices exceed $5,000 USD per kilogram.

Notable Quotes

• "We are excited to have secured initial funding for our spring/summer 2026 exploration programs that will include an updated airborne survey, expanded sampling and potential drilling of priority targets. Germanium, in particular, plays a vital role in advanced technologies spanning defence, telecommunications and next-generation computing. At Germanium Mining Corp., we are focused on unlocking strategic resources in stable jurisdictions, positioning ourselves to one day potentially contribute to a more secure and resilient North American supply chain." — Mario Pezzente, CEO