Nio Strategic arranges $4.18-million private placement

Executive Summary

• Nio Strategic Metals Inc. announced a non-brokered private placement of up to 27,002,255 common shares at $0.155 per share, targeting gross proceeds of up to $4,185,350.
• The transaction is expected to close in February 2026, subject to TSX Venture Exchange approval and customary closing conditions.
• Proceeds will be used for the continued exploration of critical mineral projects and general corporate purposes.

Key Details

• Transaction Structure: Non-brokered private placement.
• Shares Offered: Up to 27,002,255 common shares.
• Price Per Share: $0.155 CAD.
• Gross Proceeds: Up to $4,185,350 CAD.
• Expected Closing: February 2026.
• Regulatory Approval: Subject to approval by the TSX Venture Exchange.
• Hold Period: Securities are subject to a four-month hold period under applicable securities laws.
• Insider Participation: Insiders are expected to subscribe for an aggregate of 483,870 common shares.
• Related-Party Transaction Status: Insider participation constitutes a related-party transaction under Multilateral Instrument 61-101. The company is relying on exemptions from formal valuation requirements (Section 5.5(a)) and minority shareholder approval requirements (Section 5.7(1)(a)) because the fair market value involving interested parties does not exceed 25% of the corporation's market capitalization.
• Use of Proceeds: Continued exploration program of critical mineral projects and general corporate purposes.
• Finder’s Fees: The corporation may pay commissions or finder’s fees to eligible parties, subject to TSX approval and securities law compliance.
• Investor Status: The corporation is in advanced discussions with a limited number of investors and has received indications covering a major portion of the private placement.

Notable Quotes

• "This private placement will enable Nio to advance and demonstrate that key critical mineral projects can be executed in respect of the environment using safe, sustainable, green mining processes and in collaboration with various stakeholders, including both governments," said Hubert Marleau, executive chairman and chief executive officer of Nio. "We're committed to strategically align with recent policy actions by the governments emphasizing the importance of securing long-term access to critical minerals."