Inzinc Mining arranges $1.2-million private placement

Executive Summary

• Inzinc Mining Ltd. announced a non-brokered private placement of flow-through shares (FT) and non-flow-through units (NFT) for aggregate gross proceeds of up to $1.2 million.
• The offering includes FT shares priced at $0.08 and NFT units priced at $0.05, with proceeds designated for a planned 2026 diamond drilling program at the Indy project and general working capital.
• The release highlights significant 2025 drilling results, including the discovery of the B-9 Apex zone with high-grade intersections and a 125% extension of the B-9 zone trend to 1,000 meters.

Key Details

• Financing Structure:
  • Flow-Through Shares (FT): Priced at $0.08 per share.
  • Non-Flow-Through Units (NFT): Priced at $0.05 per unit.
  • Aggregate Gross Proceeds: Up to $1.2 million.
  • Closing Date: Expected on or around April 9, 2026.
  • Hold Period: Four months and one day.
• Use of Proceeds:
  • FT Shares: To support a planned 2026 diamond drilling program targeting new SEDEX discoveries (zinc, lead, silver, gallium) at the Indy project. The company plans to incur qualifying expenditures on or before Dec. 31, 2027, and renounce them to investors by Dec. 31, 2026.
  • NFT Units: For general working capital.
• Warrant Terms:
  • Each NFT unit consists of one non-flow-through common share and one-half of one common share purchase warrant.
  • Exercise Price: $0.10 per warrant share.
  • Expiration: 24 months from the closing date.
• Drilling Results (2025 Program):
  • B-9 Apex Zone Discovery:
    • 20.1% Zn, 1.7% Pb, and 9.5 g/t Ag over 3.2 meters within a 58-meter wide mineralized envelope.
  • Strike Extension:
    • 125% drill-defined strike extension of the B-9 zone trend to 1,000 meters.
  • Prospectivity:
    • Untested geophysical and geochemical anomalies extend for at least 1,200 meters along strike from the Apex zone, defining a prospective corridor of up to 2.2 km.
  • Additional Significant Intercepts (B-9 Zone):
    • 15.4% Zn, 1.3% Pb, and 7.2 g/t Ag over 4.2 meters (including 20.1% Zn, 1.7% Pb, and 9.5 g/t Ag over 3.2 meters).
    • 8.0% Zn, 2.0% Pb, and 16.2 g/t Ag over 9.9 meters.
    • 11.0% Zn, 2.3% Pb, and 27.1 g/t Ag over 3.0 meters.
    • 9.3% Zn, 2.4% Pb, and 18.0 g/t Ag over 3.1 meters.
    • 5.5% Zn, 0.5% Pb, and 3.4 g/t Ag over 6.7 meters.
    • 3.3% Zn, 0.7% Pb, and 7.4 g/t Ag over 19.1 meters.
• Strategic Updates:
  • South32 Ltd. holds approximately 200 square km of adjacent claims in the Indy belt (staked late 2021).
  • Inzinc receives 50% of the Net Smelter Return (NSR) from indium sales from American West Metals' West Desert project in Utah.
  • Insider participation is expected, constituting a related party transaction exempt from formal valuation and minority shareholder approval requirements under MI 61-101.