Nuinsco Resources arranges private placement

Executive Summary

• Nuinsco Resources Ltd. has arranged a non-brokered private placement of up to 100 million flow-through common shares and/or common shares priced at $0.005 per share.
• The transaction is expected to close on or about December 4, 2025, with proceeds designated for advancing the Prairie Lake critical minerals project and general corporate purposes.
• The release highlights significant high-grade mineral resource estimates at Prairie Lake, including a 65-million-tonne inferred domain grading 5.9% P2O5 and a 1.2-million-tonne indicated domain grading 5.8% P2O5, alongside established logistical advantages for the project.

Key Details

• Financing Structure: Non-brokered private placement of flow-through common shares and/or common shares.
• Volume: Up to 100 million shares, dependent on investor demand.
• Price: $0.005 (0.5 cent) per share.
• Use of Proceeds:
  • Flow-through shares: To finance work to advance the Prairie Lake critical minerals project.
  • Common shares: For future general corporate purposes.
• Closing Date: Expected on or about December 4, 2025.
• Prairie Lake Project Mineral Resource Estimate (MRE):
  • Total Resource: Close to 900 million tonnes.
  • Breakdown (2% P2O5 cut-off): 15.6 million tonnes indicated and 871.8 million tonnes inferred.
  • High-Grade Domain (5% P2O5 cut-off sensitivity):
    • 65-million-tonne inferred MRE grading 5.9% P2O5.
    • 1.2-million-tonne indicated MRE grading 5.8% P2O5.
  • Coincident increase in Rare Earth Element (REE) co-concentrate grade noted within the high-grade domain.
• Metallurgy: Studies confirm the production of a clean phosphate concentrate with valuable REE co-concentrate; potential niobium co-product is under investigation.
• Logistical Advantages:
  • Local skilled workforce from nearby communities.
  • All-weather forest access road crossing the project.
  • Proximity to Highways 17 and 11.
  • Access to Canadian Pacific Railway and Canadian National Railway networks.
  • High-capacity (230-kV) electrical power transmission line.
  • Marathon deepwater port project (50 km away) capable of accommodating ocean-going ships; additional ports at Thunder Bay and Sault Ste. Marie.
  • Marathon airport access.
• Technical Reporting: National Instrument 43-101-compliant technical report prepared by P&E Mining Consultants Inc. (effective date May 31, 2022).
• Qualified Person: Laura Giroux, PGeo, Chief Geologist.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.