Nuinsco Closes Final Tranche of Private Placement

Executive Summary

• Nuinsco Resources Limited completed the final tranche of its oversubscribed private placement, issuing 151,820,000 common shares at $0.005 per share for gross proceeds of $759,100.
• The financing also included broker warrants for an additional 1,400,000 shares exercisable at $0.005 until August 6 2027, and generated a $7,000 cash fee to the placement agent.
• Proceeds are earmarked to advance the Prairie Lake critical‑metals project in Ontario, with 101,820,000 of the new shares qualifying as flow‑through shares for tax purposes.

Key Details

• Shares Issued – Final Tranche: 151,820,000 common shares @ $0.005 per share = $759,100 gross proceeds.
• Broker Warrants: 1,400,000 non‑transferable warrants issued to the placement agent; each warrant allows purchase of one common share at $0.005, exercisable through 08 Aug 2027.
• Agent Fees: Cash fee of $7,000 paid to the placement agent in connection with the final tranche.
• Statutory Hold Period: All securities issued (including warrants) are subject to a four‑month plus one‑day hold period under applicable securities laws.
• Prior Tranche Reference: Previously closed on 8 Jan 2026 – 73,180,000 shares for $365,900.
• Use of Proceeds: Funds will be used to advance the Prairie Lake critical metals project near Terrace Bay, Ontario.
• Flow‑Through Share Allocation: Of the 151,820,000 new shares, 101,820,000 qualify as flow‑through shares; 50,000,000 are non‑flow‑through.
• Regulatory Disclaimer: Shares not registered under U.S. securities laws; cannot be offered or sold in the United States absent registration or exemption.

Notable Quotes

(No direct quotes were included in the release.)