Nickel Creek Platinum closes first tranche of financing

Executive Summary

• Nickel Creek Platinum Corp. closed the first tranche of its private placement, raising approximately $1.5 million in aggregate gross proceeds.
• The financing includes the issuance of 350,000 common shares and 326,087 flow-through (FT) common shares to Electrum Strategic Opportunities Fund LP, a related party holding over 10% of outstanding shares.
• Proceeds are designated for the 2026 exploration drill program, permitting activities, holding costs at the Nickel Shaw project in Yukon, and general corporate expenses.

Key Details

• Transaction Structure:
  • Common Shares: 350,000 shares issued at $2.15 per share.
  • Flow-Through (FT) Shares: 326,087 shares issued at $2.30 per share.
  • Aggregate Gross Proceeds: Approximately $1.5 million.
• Investor: Electrum Strategic Opportunities Fund LP (identified as a related party under Multilateral Instrument 61-101 due to holding >10% of outstanding common shares).
• Use of Proceeds:
  • Net proceeds from common shares: Finance 2026 exploration drill program, continuing permitting activities, holding costs at the Nickel Shaw project, and general corporate expenses/working capital.
  • Gross proceeds from FT shares: Finance the 2026 drill program as Canadian exploration expenses and flow-through mining expenditures.
• Flow-Through Terms: Renunciation of Canadian exploration expenses and flow-through mining expenditures to be effective no later than December 31, 2025.
• Finder’s Fee: Mine Equities Ltd. received 19,565 common shares (deemed issue price $2.30/share) as a finder's fee, representing 6% of the gross proceeds from the FT share sale.
• Hold Period: All shares issued are subject to a statutory four-month-and-one-day hold period from the closing date.
• Regulatory Exemptions: The company relied on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as Electrum’s participation does not exceed 25% of the company's market capitalization.
• Future Financing: A second tranche of financing is anticipated to close during December 2025.

Notable Quotes

• "The Nickel Shaw project has the critical minerals the world needs. The funds being raised will be used in 2026 to further explore for additional nickel and copper mineralization." — Stuart Harshaw, President and CEO