Nio Strategic Metals Announces the Closing of Its Non-Brokered Private Placement

Executive Summary

• Nio Strategic Metals Inc. closed a non‑brokered private placement of 34,515,967 common shares at $0.155 per share, generating gross proceeds of $5,349,975.
• Net proceeds will fund the company’s ongoing critical‑minerals exploration program, including technical and environmental impact studies and general corporate purposes.
• Finder fees were paid to two introducers: a cash fee of $105,376 plus 645,161 shares to Jean‑Sébastien Blanchette (6.5% of gross proceeds from his subscribers) and a cash fee of $6,010 to Leede Jones Gable (5.5% of gross proceeds from his subscribers).

Key Details

• Placement Size: 34,515,967 common shares
• Price per Share: $0.155
• Gross Proceeds: $5,349,975
• Use of Proceeds: Exploration program funding (technical studies, environmental impact assessments), and general corporate purposes.
• Finder Compensation:
• Jean‑Sébastien Blanchette – cash fee $105,376 + 645,161 shares (6.5% of gross proceeds from his subscribers).
• Leede Jones Gable – cash fee $6,010 (5.5% of gross proceeds from his subscribers).
• Holding Period: All issued shares subject to a four‑month hold period under Canadian securities laws and TSXV policies.
• Regulatory Status: Placement received conditional approval; final acceptance pending from the TSX Venture Exchange.
• Securities Law Disclaimer: Offer not made in the United States; shares not registered under U.S. securities laws.

Notable Quotes

(No executive quotes were included in the release.)