Shine Minerals Corp. Announces Increased Private Placement to $1.5 Million
VANCOUVER, BRITISH COLUMBIA — January 10, 2026 — Leads & Copy — Shine Minerals Corp. (TSXV: SMR-H.V) has announced an increase to its non-brokered private placement to $1.5 million due to significant investor demand. This follows the company’s previous press release on December 11, 2025.
Red Cloud Silver (RCS), a private British Columbia company, holds an option on the Silver District Exploration Project in La Paz County, Arizona, USA. The proposed transaction is intended to serve as Shine’s reactivation from the NEX board to a Tier 2 Mining Issuer, according to TSXV Policy 2.6, Section 1.4.
According to the Definitive Agreement, Shine Minerals Corp. has acquired the right and option to purchase all 11,100,000 issued and outstanding shares of RCS by issuing 6,500,000 post-Consolidation common shares of the Company to the shareholders of RCS on a pro rata basis. The issuance of these shares is not expected to result in the Company acquiring any ownership interest in RCS, but rather grants the Company the contractual right to acquire RCS in the future.
Following the Company’s completion of $2,000,000 in exploration expenditures on the Project within one year, the Company may exercise its option to acquire 100% of the RCS Shares by issuing an additional 14,200,000 post-Consolidation Shares and paying $650,000 in cash to the RCS Shareholders on a pro rata basis.
RCS currently has an option to acquire a 100% interest in the Project from Gulf + Western Industries, Inc. by making US$1.4 million in staged cash and share payments to October 31, 2028. If the RCS Option is exercised, Gulf will retain a 2% net smelter return royalty. RCS is responsible for maintaining the property in good standing and for making all payments required under the RCS Option. Any RCS Shares required to be issued to Gulf under the RCS Option Agreement will be issued by the Company, subject to a restriction that the Company will not issue Gulf more than 3,000,000 Shares, or such number of Shares that would result in Gulf holding more than 9.9% of the Company’s outstanding Shares.
Prior to closing the Proposed Transaction, Shine will complete a 5-for-1 share consolidation and a non-brokered private placement for gross proceeds of approximately C$1,500,000 at C$0.06 per pre-Consolidation Share. Proceeds will be used to fund transaction costs, reactivation expenses, initial exploration on the Project, and general working capital. The Consolidation and Financing will be conditions to closing.
The completion of the Proposed Transaction remains subject to TSXV acceptance and satisfaction of all conditions precedent set out in the Definitive Agreement. There can be no assurance that the Option will be exercised or that the Proposed Transaction will be completed as contemplated.
In connection with the Proposed Transaction, the Company has applied to the TSXV for reactivation of trading of its Shares. Trading will not resume until all required filings have been completed and TSXV approval has been obtained.
Shine Minerals Corp. is a Canada-based natural resource focused company engaged in the acquisition, exploration, evaluation, and development of mineral resource assets.
Investor Relations can be contacted at info@shine-minerals.ca or by telephone at 250-868-6553.
Dev Randhawa, CEO, is acting on behalf of the board.
Contact Information:
Investor Relations
info@shine-minerals.ca
Telephone: 250-868-6553
Source: Shine Minerals Corp.
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