NUVAU MINERALS ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT

Executive Summary

• Nuvau Minerals Inc. closed the first tranche of its brokered private placement, issuing 17,471,250 units at $0.80 per unit for total gross proceeds of $13,977,000.
• Proceeds will be used for working capital, general corporate purposes, and to fund exploration and development at the Matagami property.
• The offering was co‑led by Clarus Securities Inc. and Integrity Capital Group Inc., with cash commissions and compensation options granted to the agents; a second tranche is expected to close around March 6 2026.

Key Details

• Units Issued: 17,471,250 units (each unit = 1 common share + ½ transferable warrant).
• Offering Price: $0.80 per unit.
• Gross Proceeds: $13,977,000.
• Warrant Terms: Each warrant allows purchase of one common share at $1.30 per share, exercisable until February 25 2029.
• Use of Proceeds: Working capital, general corporate purposes, and completion of exploration/development at the Matagami property.
• Lead Agents: Clarus Securities Inc. and Integrity Capital Group Inc., acting as co‑lead agents and bookrunners.
• Agent Compensation:
• Cash commission equal to 6.0% of gross proceeds (reduced to 3.0% for “President’s List” purchasers).
• Non‑transferable compensation options equal to 6.0% of units sold (reduced to 3.0% for President’s List purchasers); each option permits purchase of one unit at the offering price until February 25 2029.
• Insider Participation: Directors subscribed for 237,500 units ($190,000 gross), treated as a related‑party transaction under MI 61‑101; exemptions from formal valuation and minority shareholder approval were relied upon.
• Holding Period: All securities subject to a hold period of four months and one day from the date of issuance.
• Second Tranche: Anticipated closing on or about March 6 2026, involving additional units/flow‑through shares (FT Shares). References to prior releases (Jan 30 2026 & Feb 13 2026) provide further details.

Notable Quotes

(No executive quotes were included in the release.)