Mr. Paul Jones reports
NUINSCO EXPANDS PRIVATE PLACEMENT
Nuinsco Resources Ltd. has increased the size of the non-brokered private placement of flow-through common shares and common shares, announced on Nov. 7, 2025. Under the private placement, the company may now issue up to 160 million flow-through shares and/or common shares, dependent on investor demand, priced at 0.5 cent for an aggregate amount of $800,000. The private placement is expected to close on or about Feb. 2, 2026.
On Jan. 8, 2026, the company announced it issued 73.18 million common shares
at the subscription price for aggregate proceeds of $365,900. In connection with the private placement, the company paid certain finders aggregate cash fees of $10,827 and granted
finders'
warrants. Each finder's warrant entitles the holder to purchase one common share of the company at the subscription price until June 30, 2027. All securities issued pursuant to the private placement are subject to a four-month-plus-one-day statutory hold period following their issuance in accordance with the polices of the Canadian Securities Exchange and applicable Canadian securities laws.
Proceeds from the private placement will be used to advance the company's Prairie Lake critical metals project, located near Terrace Bay, Ont.
About Nuinsco Resources Ltd.
Nuinsco Resources
has over 50 years of exploration success and is a growth-oriented, multicommodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently, the company has the large multicommodity (phosphate, rare earth elements, niobium, tantalum) Prairie Lake project near Marathon-Terrace Bay, the Zig Zag Lake property (lithium, tantalum) near Armstrong, optioned to First Class Metals PLC, and the el Sid near-term gold project in Egypt, and retains a net smelter return (NSR) royalty on the Sunbeam gold property near Atikokan.
We seek Safe Harbor.
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