Maxus Mining receives $1.1M from warrant exercise

Executive Summary

• Maxus Mining Inc. reports the exercise of warrants by investors, generating gross proceeds of $1,105,952 CAD between January 2 and January 16, 2026.
• The company entered into a six-month marketing services agreement with RMK Marketing Inc., valued at $250,000 with an option to increase the budget to $500,000.
• The release provides an update on the company's exploration portfolio in British Columbia, highlighting specific assay results from the Alturas, Hurley, Quarry, Lotto, and Penny projects.

Key Details

• Warrant Exercise:
  • Investors exercised 2,408,200 common share purchase warrants.
  • Gross proceeds received: $1,105,952 CAD.
  • Exercise period: January 2, 2026, to January 16, 2026.
  • Use of proceeds: Strengthening the balance sheet, future exploration work on existing projects, new projects or acquisitions, corporate development, marketing, and working capital.
• Marketing Agreement:
  • Counterparty: RMK Marketing Inc. (Mississauga, Ont., Canada).
  • Term: Six months, commencing January 23, 2026.
  • Compensation: $250,000 CAD, with an option to increase the advertising budget up to $500,000 during the term.
  • Services: Coordination of marketing actions, AdWords campaign optimization, bidding strategies, project management, consulting, and landing page creation via Google.
  • Securities: No securities issued to RMK as compensation; RMK holds no securities in the company and is an arm's-length party.
• Portfolio Updates & Historical Data:
  • Alturas Antimony Project (8,920 hectares): Recent discovery returned high-grade naturally occurring antimony up to 69.98% Sb.
  • Hurley Antimony Project (Adjacent to Endurance Gold Corp.'s Reliance project): 2024 drilling reported 19.2% Sb and 2.16 g/t Au over 0.5 metre.
  • Quarry Antimony Project: Historical polymetallic samples grading 0.89 g/t Au, 3.8% Cu, 0.34% Zn, 42.5% Pb, 0.65 g/t Ag, and 20% Sb.
  • Lotto Tungsten Project (3,054 hectares): A selected 1980 grab sample from a scheelite-bearing quartz vein assayed 10.97% WO3.
  • Penny Copper Project (3,123 hectares): Located near the historic Sullivan mine. Recent work included rock sampling and geological mapping. 2017 sampling returned copper values of 1,046 ppm Cu (TK17-149c), 1,808 ppm Cu (TK17-28), and 2,388 ppm Cu (TK17-12).
• Technical Review:
  • Scientific and technical information reviewed by Morgan Verge, PGeo, a qualified person under National Instrument 43-101.
  • Management cautions that historical results from unrelated operators have not been verified by the qualified person but provide a scientific basis for continuing work.

Notable Quotes

• "This capital strengthens the company's balance sheet, and the proceeds will be used for future exploration work on the company's projects, new projects or acquisitions, corporate development, and marketing or working capital purposes."