MineHub closes $6.71-million first tranche of placement

Executive Summary

• MineHub Technologies Inc. has closed the first tranche of its private placement under the LIFE (Listed Issuer Financing) exemption, raising approximately $6.7 million.
• The company expects to close the second tranche of the offering on or about December 15, 2025, which would add approximately $500,000 in gross proceeds.
• Net proceeds are designated for working capital and general corporate purposes.

Key Details

• Transaction Structure: Private placement of units completed on a best-effort agency basis via ATB Securities Inc. (lead agent/sole bookrunner) and Haywood Securities Inc.
• First Tranche Closing:
  • Units Issued: 7,063,684 units.
  • Price: $0.95 per unit.
  • Gross Proceeds: $6,710,499.80 (includes full exercise of the agent option).
• Second Tranche Expectations:
  • Units: 526,316 units.
  • Gross Proceeds: $500,000.20.
  • Expected Closing Date: On or about December 15, 2025.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $1.35 per warrant share.
  • Expiration: December 10, 2027.
• Use of Proceeds: Working capital and general corporate purposes.
• Agent Compensation: Compensation options issued to agents, exercisable at the offering price until December 10, 2027, subject to a four-month-and-a-day hold period expiring April 11, 2026.
• Regulatory Exemptions: Completed under the Listed Issuer Financing exemption (NI 45-106), US Securities Act exemptions, and other applicable jurisdictional exemptions. Securities are not subject to a hold period under Canadian securities laws.
• Insider Participation: Certain insiders participated in the offering, constituting a related-party transaction exempt from valuation and minority shareholder approval requirements under MI 61-101.