Nuvau Minerals Announces Closing of Final Tranche of Brokered Private Placement

Executive Summary

• Nuvau Minerals Inc. closed the second and final tranche of its brokered private placement, raising a total aggregate gross proceeds of $21,368,670.70 to date.
• The offering consisted of 7,928,523 flow‑through common shares at $0.90 each and 320,000 units (each unit = 1 common share + ½ warrant) at $0.80 each.
• Proceeds will be used for eligible Canadian exploration expenses, with at least 30% qualifying as flow‑through critical mineral mining expenditures (FTCMME).

Key Details

• Shares Issued: 7,928,523 FT Shares @ $0.90 per share → $7,135,670.70 gross proceeds.
• Units Issued: 320,000 Units @ $0.80 per unit → $256,000 gross proceeds.
• Total Raised (including first tranche on Feb 25, 2026): $21,368,670.70.
• Unit Composition: 1 common share + ½ transferable warrant; each warrant allows purchase of one common share at $1.30 until 2029‑02‑25.
• Use of Proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures or FTCMME, with all spending to occur by 31 Dec 2027 and renunciation to subscribers by 31 Dec 2026.
• Agent Compensation: Cash commission of 6% of gross proceeds (reduced to 3% for President’s List purchasers) plus non‑transferable compensation options equal to 6% (or 3% for President’s List) of the number of FT Shares/Units sold. Options grant purchase of one Unit at $0.80 until 6 Mar 2029.
• Related Party Transaction: A director subscribed for 444,444 FT Shares ($444,444 gross). The transaction is exempt from formal valuation and minority‑shareholder approval under MI 61‑101 because the fair market value does not exceed 25% of market cap.
• Holding Period: All securities subject to a hold period of four months and one day from issuance date.
• Exchange Approval: Offering remains pending final acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)