Nuinsco further increases placement to $1.1-million

Executive Summary

• Nuinsco Resources Ltd. has increased the size of its non-brokered private placement of flow-through and common shares to an aggregate amount of $800,000.
• The company previously issued 73.18 million common shares for $365,900 on January 8, 2026, and has now expanded the total offering capacity to $1.1 million depending on investor demand.
• Proceeds from the private placement are designated to advance the company's Prairie Lake critical metal project in Ontario.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through common shares and common shares.
• Pricing: Shares priced at 0.5 cents ($0.005) per share.
• Total Capacity: The private placement may issue up to 220 million flow-through shares and/or common shares, with a maximum aggregate amount of $1.1 million.
• Recent Issuance (Jan 8, 2026): Issued 73.18 million common shares for aggregate proceeds of $365,900.
• Expansion (Jan 19, 2026): Announced an increase in the private placement to an aggregate amount of $800,000.
• Use of Proceeds: To advance the Prairie Lake critical metal project located near Terrace Bay, Ontario.
• Hold Period: All securities issued are subject to a four-month-plus-one-day statutory hold period following issuance, in accordance with Canadian Securities Exchange policies and applicable Canadian securities laws.