Laurion arranges $1.6-million private placement

Executive Summary

• Laurion Mineral Exploration Inc. announced a proposed non-brokered private placement of flow-through units to raise up to approximately $1.6 million in gross proceeds.
• The financing involves the issuance of up to 4,848,485 flow-through units at a price of $0.33 per unit, with proceeds designated for eligible Canadian exploration expenses at the Ishkoday project.
• The funds will specifically advance the 2026 drill program on the Ishkoday property, targeting the A-Zone to McLeod and CRK corridor and the Sturgeon River mine area.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through units.
• Gross Proceeds: Up to approximately $1.6 million.
• Units Issued: Up to approximately 4,848,485 flow-through units.
• Price Per Unit: $0.33 per flow-through unit.
• Unit Composition: Each unit consists of one flow-through common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one non-flow-through common share at an exercise price of $0.39 per share.
• Warrant Expiry: 24 months from the date of issuance.
• Use of Proceeds: To incur eligible Canadian exploration expenses (CEE) qualifying as flow-through mining expenditures at the Ishkoday project.
• Operational Focus: Advancing the 2026 drill program on the Ishkoday property, specifically:
  • Gold and base metal A-Zone to the McLeod and CRK corridor (approx. 1.9-kilometre strike).
  • Proximal orogenic Sturgeon River mine area within the 6.0 by 2.5 km mineralized corridor.
  • Systematic infill and stepout drilling to define continuity of known mineralized envelopes and test depth/strike extensions.
• Closing Date: On or about December 19, 2025, subject to regulatory approvals.
• Regulatory Approval: Subject to approval of the TSX Venture Exchange.
• Hold Period: Four months and one day for all securities issued, per Canadian securities laws.
• Finders' Fees: The corporation may pay finders' fees in connection with the placement.
• Qualified Person: Jean-Philippe Paiement, PGeo, MSc, reviewed and approved the technical contents.

Notable Quotes

• No direct quotes from management were included in the provided text.