Inspiration Mining Closes $529,999.95 First Tranche of Financing

Executive Summary

• Inspiration Mining Corp. closed the first tranche of its non‑brokered Critical Minerals Flow‑Through private placement, issuing 3,533,333 FT shares at $0.15 each for gross proceeds of $529,999.95.
• Proceeds will be used to fund exploration and Canadian Exploration Expenses on the Stockwork property (BC) and Rottenstone North Gold Property (SK).
• The FT shares are subject to a four‑month plus one‑day hold period under Canadian securities law.

Key Details

• Placement Size: 3,533,333 Critical Minerals Flow‑Through shares.
• Price per Share: $0.15 CAD.
• Gross Proceeds: $529,999.95 CAD.
• Use of Proceeds: Advance exploration at the Stockwork property (British Columbia) and Rottenstone North Gold Property (Saskatchewan); cover Canadian Exploration Expenses and Flow‑through Critical Mineral Mining Expenditures as defined in the Income Tax Act.
• Holding Period: Shares subject to a four‑month and one‑day hold period per applicable securities regulations.
• Qualification: Each share qualifies as a Critical Minerals Flow‑Through share under the Canada Income Tax Act.

Notable Quotes

(No direct quotes from management were included in the release.)