Nio Strategic arranges $750,000 private placement

Executive Summary

• Nio Strategic Metals Inc. has arranged a private placement of 6 million flow-through common shares for gross proceeds of approximately $750,000.
• The funds are designated exclusively for qualifying Canadian exploration expenditures on the Oka and Fafnir properties in Quebec to evaluate niobium and other critical metals.
• The transaction includes the issuance of 175,000 finder warrants exercisable at $0.15 per share and is subject to TSX Venture Exchange acceptance and regulatory approvals.

Key Details

• Instrument: 6,000,000 flow-through common shares.
• Gross Proceeds: Approximately $750,000.
• Use of Proceeds: Qualifying Canadian exploration expenditures (as defined in the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec)) for exploration and mineral resource evaluation on the Oka and Fafnir properties in Quebec.
• Renunciation: Proceeds will be renounced to subscribers with an effective date not later than December 31, 2026, in an aggregate amount of not less than the total gross proceeds raised.
• Finder Warrants: 175,000 warrants issued in connection with the placement.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.15 per share.
• Warrant Expiry: 24 months from the date of issuance.
• Commissions: $26,250 to be paid.
• Hold Period: Four-month hold period from the date of issuance.
• Conditions Precedent: Subject to final acceptance by the TSX Venture Exchange and receipt of all necessary regulatory approvals.