Morien arranges $1-million private placement

Executive Summary

• Morien Resources Corp. has arranged a non-brokered private placement (LIFE offering) of up to 5,555,556 common shares at $0.18 per share, raising up to $1 million in gross proceeds.
• The financing is conducted under the Listed Issuer Financing Exemption (Part 5A of National Instrument 45-106) and is expected to close around December 16, 2025, subject to TSX Venture Exchange approval.
• Net proceeds will support working capital and general corporate purposes, providing sufficient resources for three to four years while the company advances operations at the Donkin mine, the Lazy Head Aggregate project, and the Black Point quarry project.

Key Details

• Transaction Structure: Non-brokered private placement under the Listed Issuer Financing Exemption (LIFE).
• Shares Offered: Up to 5,555,556 common shares.
• Price: $0.18 per share.
• Gross Proceeds: Up to $1,000,000.
• Closing Date: Expected on or about December 16, 2025, or as decided by the company.
• Conditions: Subject to customary conditions, including receipt of all necessary approvals, specifically the approval of the TSX Venture Exchange.
• Use of Proceeds: Support continuing business operations, working capital, and general corporate purposes.
• Runway: Net proceeds expected to provide sufficient financial resources for an estimated three to four years.
• Strategic Context: Funds will support:
  • Advocating for a restart of operations at the Donkin mine.
  • Progressing permitting, environmental review, and technical work for the Lazy Head Aggregate project (partnership with Carver companies).
  • Advancing early-stage technical and commercial evaluation of a Newfoundland aggregate opportunity (alongside Carver).
  • Maintaining relationship with Vulcan Materials regarding the final investment decision for the Black Point quarry project and the associated $400,000 milestone payment.
• Jurisdictional Sales: Available in Canadian provinces/territories (except Quebec) under the LIFE exemption, in the US under Securities Act exemptions, and other jurisdictions as determined.
• Hold Period: Shares issued to Canadian resident subscribers under the LIFE exemption are not subject to a hold period.
• Outstanding Shares: 51,292,000 issued and outstanding common shares; fully diluted position of 53,992,000.