Announcement • Apr 23
Nine Mile Metals Ltd. announced that it has received CAD 1.00002 million in funding On April 22, 2026, Nine Mile Metals Ltd. closed the transaction. The company issued 7,143,000 units at a price of CAD 0.14 for gross proceeds of CAD 1,000,020. Each Unit is comprised of: (i) one common share of the Company that qualifies as a "flow-through share"; and (ii) one common share purchase warrant of the Company, with each Warrant exercisable into one Common Share at a price of CAD 0.30 for a period of two years, provided that if the daily volume-weighted average trading price of the Common Shares on the CSE equals or exceeds CAD 0.50 for ten consecutive trading days, the Company may, at its discretion, accelerate the expiry date of the Warrants by providing not less than thirty days' notice to Warrant holders. In connection with the Offering, the Company paid finders fees of CAD 80,001.60 and issued 571,440 finders warrants (the "Finders Warrants"). Each Finders Warrant will be exercisable for one additional Common Share at a price of CAD 0.14 for a period of two years. Announcement • Apr 16
Nine Mile Metals Ltd. announced that it expects to receive CAD 1.00002 million in funding Nine Mile Metals Ltd. announced a non-brokered private placement financing of up to 7,143,000 units at a price of CAD 0.14 per Unit for gross proceeds of CAD 1,000,020 on April 15, 2026. Each Unit is comprised of (i) one common share of the Company that qualifies as a "flow-through share"; and (ii) one common share purchase warrant of the Company, with each Warrant exercisable into one Common Share at a price of CAD 0.30 for a period of two years, provided that if the daily volume-weighted average trading price of the Common Shares on the CSE equals or exceeds CAD 0.50 for ten consecutive trading days, the Company may, at its discretion, accelerate the expiry date of the Warrants by providing not less than thirty days' notice to Warrant holders. The Offering is expected to close on or about April 20, 2026, or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. The Company may pay finder's fees in connection with the Offering comprised of cash equal to 8% of the gross proceeds of the Offering and finder warrants equal to 8% of the number of Units issued under the Offering. Each Finders Warrant will be exercisable for one additional Common Share at a price of CAD 0.14 for a period of two years. The Common Shares, and any Common Shares to be issued on exercise of the Warrants and Finders Warrants, will be subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance. New Risk • Mar 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.1m market cap, or US$9.56m). 
