Nuinsco Resources increases financing to $800,000

Executive Summary

• Nuinsco Resources Ltd. has increased the size of its non-brokered private placement of flow-through and common shares to up to 160 million shares, priced at $0.005 per share, for a total potential aggregate amount of $800,000.
• The company issued 73.18 million common shares on January 8, 2026, raising $365,900 in gross proceeds.
• Proceeds from the private placement are designated for advancing the Prairie Lake critical metals project in Ontario.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through common shares and common shares.
• Total Capacity: Up to 160 million shares.
• Subscription Price: $0.005 (0.5 cent) per share.
• Maximum Aggregate Proceeds: $800,000.
• Issuance Details (Jan 8, 2026):
  • 73.18 million common shares issued.
  • Gross proceeds received: $365,900.
• Finder’s Fees: Aggregate cash fees of $10,827 paid to finders.
• Finder’s Warrants: Granted to finders, entitling holders to purchase one common share at the subscription price ($0.005) until June 30, 2027.
• Hold Period: All securities are subject to a four-month-plus-one-day statutory hold period following issuance, per Canadian Securities Exchange policies.
• Use of Proceeds: Advancing the Prairie Lake critical metals project (located near Terrace Bay, Ont.).
• Closing Date: Expected on or about February 2, 2026.

Notable Quotes

• None provided in the text.