Inspiration Mining Arranges $1,050,000 Financing

Executive Summary

• Inspiration Mining Corp. announced a non‑brokered private placement of up to 7 million flow‑through shares at $0.15 each, targeting gross proceeds of $1.05 million.
• Proceeds will be allocated to exploration activities on the Stockwork property in British Columbia and the Rottenstone North Gold Property in Saskatchewan.
• The FT Shares qualify as Critical Minerals flow‑through shares under the Canadian Income Tax Act; they are subject to a four‑month plus one‑day hold period.

Key Details

• Placement Size: Up to 7,000,000 Flow‑Through (FT) Shares.
• Price per Share: $0.15 CAD.
• Target Gross Proceeds: $1,050,000 CAD.
• Share Qualification: Each FT Share qualifies as a Critical Minerals flow‑through share under the Income Tax Act (Canada).
• Use of Proceeds:
• Exploration expenses on the Stockwork property (British Columbia).
• Exploration and development expenditures on the Rottenstone North Gold Property (Saskatchewan).
• Holding Period: Shares issued will be subject to a four‑month and one‑day hold period per Canadian securities regulations.
• Placement Type: Non‑brokered, private placement (Critical Minerals Flow‑Through).

Notable Quotes

(No direct quotes were provided in the release.)