Nio Strategic Metals Announces Updates on Its Non-Brokered Private Placement

Executive Summary

• Nio Strategic Metals announces that its previously disclosed non‑brokered private placement is expected to be oversubscribed, potentially increasing the offering size from 27,002,255 to up to 32,258,065 common shares.
• The total gross proceeds could rise from $4.185 M to a maximum of $5.0 M at a price of $0.155 per share.
• Closing is anticipated in February 2026, subject to customary conditions and a four‑month hold period on the issued shares.

Key Details

• Original Offering (Jan 29, 2026): Up to 27,002,255 common shares at $0.155 per share for gross proceeds of up to $4,185,350.
• Potential Upsized Offering: Additional 5,255,810 shares may be issued if demand warrants, bringing the total to 32,258,065 shares.
• Revised Gross Proceeds Target: Up to $5,000,000 at the same price of $0.155 per share.
• Conditional TSXV Approval: Received conditional approval from the Toronto Stock Exchange Venture (TSXV), indicating likelihood of oversubscription.
• Closing Timeline: Expected completion in February 2026, subject to customary closing conditions.
• Share Hold Period: Issued shares will be subject to a four‑month hold period under applicable securities laws.
• Use of Proceeds: Not explicitly detailed in the release; typical uses include funding exploration activities, corporate working capital, and development projects related to niobium properties in Québec.

Notable Quotes

(No executive quotes were included in the release.)