Morien increases LIFE offering to $1.6-million

Executive Summary

• Morien Resources Corp. is upsizeing its non-brokered Listed Issuer Financing Exemption (LIFE) offering due to strong investor demand.
• The offering size is increased to up to 8,888,889 common shares at a price of $0.18 per share, generating gross proceeds of up to $1.6 million.
• Net proceeds will support working capital and general corporate purposes, providing sufficient resources for an estimated four to five years.

Key Details

• Offering Size: Upsized to up to 8,888,889 common shares.
• Price: $0.18 per offered share.
• Gross Proceeds: Up to $1.6 million.
• Structure: Non-brokered LIFE financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106.
• Closing Date: Expected on or about December 16, 2025, subject to customary conditions including TSX Venture Exchange approval.
• Use of Proceeds: Working capital and general corporate purposes.
• Runway: Net proceeds expected to support operations for an estimated four to five years.
• Strategic Context: Funds will support advocacy for the restart of the Donkin mine, progress on the Lazy Head aggregate project (partnership with Carver Companies), evaluation of a Newfoundland aggregate opportunity, and maintenance of the relationship with Vulcan Materials Company regarding the Black Point quarry project and a $400,000 milestone payment.
• Regulatory/Trading: Shares offered in Canada (except Quebec) under the listed issuer financing exemption and in the US under available exemptions. No hold period for Canadian resident subscribers under the LIFE exemption.
• Existing Shares: 51,292,000 issued and outstanding common shares; fully diluted position of 53,992,000.

Notable Quotes

• None explicitly quoted in the text.