Nuvau Minerals amends private placement terms

Executive Summary

• Nuvau Minerals amends its previously announced best‑efforts brokered private placement, now proposing up to 5.56 million flow‑through (FT) common shares at C$0.90 per share for gross proceeds of up to $5 million.
• The FT proceeds will be used to incur eligible Canadian exploration expenses, with at least 30 % qualifying as flow‑through critical mineral mining expenditures (FTCMME).
• Closing of the unit offering is expected around Feb 24 2026; closing of the FT offering is expected around Mar 6 2026, with an agent option to raise an additional $5 million.

Key Details

• Amended Offering Terms – Up to 5,555,555 FT common shares at C$0.90 per share (gross proceeds ≤ $5 M).
• Use of Proceeds – To fund eligible Canadian exploration expenses; ≥30 % must qualify as FTCMME. Expenditures to be incurred by Dec 31 2027 and renounced to subscribers by Dec 31 2026.
• Unit Offering (unchanged) – Up to 18.75 M units at C$0.80 per unit for gross proceeds ≤ $15 M (terms unchanged).
• Related Party Transaction – A director will sell up to 400,000 common shares and subscribe for an equal number of FT shares; transaction relies on MI 61‑101 exemptions as fair market value ≤ 25 % of market cap.
• Closing Dates – Unit offering expected to close ~Feb 24 2026; FT offering expected to close ~Mar 6 2026, subject to exchange approval and other conditions.
• Hold Period – All securities issued are subject to a hold period expiring four months and one day from issuance.
• Agent Option – Agents may, up to 48 hours before unit closing, offer additional units or FT shares at the same prices to raise up to an extra $5 M in gross proceeds.

Notable Quotes

(No direct quotes were provided in the release.)