Mr. Hubert Marleau reports
NIO STRATEGIC METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Nio Strategic Metals Inc. intends to complete a non-brokered private placement of up to 27,002,255 common shares of the corporation at a price of 15.5 cents per common share for gross proceeds of up to $4,185,350. The closing of the transaction is subject to customary closing conditions and is expected to be completed in February, 2026.
The private placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month hold period in accordance with applicable securities laws. The corporation is in advanced discussions with a limited number of investors and has received indications covering a major portion of the private placement.
Insiders of the corporation are expected to subscribe for an aggregate of 483,870 common shares under the private placement. Each transaction with an insider of the corporation constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The corporation is relying on exemptions from the formal valuation requirements of MI 61-101 and pursuant to Section 5.5(a) of the instrument and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) of the instrument in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the corporation's market capitalization.
The corporation intends to use the proceeds from the private placement for its continued exploration program of its critical mineral projects and general corporate purposes.
The corporation may pay a commission or finder's fee to eligible parties in connection with the private placement subject to the approval of the Toronto Stock Exchange and compliance with applicable securities laws.
"This private placement will enable Nio to advance and demonstrate that key critical mineral projects can be executed in respect of the environment using safe, sustainable, green mining processes and in collaboration with various stakeholders, including both governments," said Hubert Marleau, executive chairman and chief executive officer of Nio. "We're committed to strategically align with recent policy actions by the governments emphasizing the importance of securing long-term access to critical minerals."
There can be no guarantee that the private placement will be completed on the terms outlined above or at all. The completion of the private placement will be subject to further closing conditions, including compliance with all applicable TSX-V policies or requirements.
About Nio Strategic Metals Inc.
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The corporation holds niobium properties located in Oka and near Mont-Laurier and another exploration property in the province of Quebec.
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