Financings

Earthwise Minerals Completes Private Placement

By The Northwire Desk — AI Analysis Nov 21, 2025 · 17:15 WISE · 0.025 Earthwise Minerals Corp.

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Earthwise Minerals completed a non‑brokered private placement, raising gross proceeds of $96,000.
Issued 4,050,000 NFT units and 750,000 FT units at $0.02 per unit; each unit includes common shares and warrants.
Proceeds will be allocated to exploration activities at the Iron Range Gold Property (FT proceeds) and general working capital (NFT proceeds).

Units Issued:
NFT Units – 4,050,000 units @ $0.02 each = $81,000 gross. Each contains one common share and one full warrant (exercise price $0.05, 24‑month term).
FT Units – 750,000 units @ $0.02 each = $15,000 gross. Each contains one common share and half a warrant (full warrant exercisable at $0.05, 24‑month term).
Warrant Allocation:
NFT Warrants issued: 4,050,000 full warrants.
FT Warrants issued: 375,000 half‑warrants (equivalent to 187,500 full warrants).
Use of Proceeds:
FT proceeds earmarked for Canadian exploration expenses qualifying as flow‑through mining expenditures on the Iron Range Gold Property.
NFT proceeds designated for general working capital.
Finder’s Fees & Warrants: Paid cash finder fees of $520 and issued 23,000 non‑transferable finder warrants to Ventum Financial Corp., exercisable on the same terms as unit warrants.
Insider Subscription: CEO/director Mark Luchinski purchased 500,000 NFT units and 150,000 FT units (related‑party transaction exempt from formal valuation/approval under MI 61‑101).
Holding Period: All securities subject to a hold period of four months and one day from issuance.
Regulatory Notes: No securities registered under the U.S. Securities Act; cannot be offered/sold in the United States absent exemption or registration.

(No direct quotes were provided in the release.)

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