Nuinsco Resources Announces Private Placement Share Issuance
Toronto, Ontario — January 9, 2026 — Leads & Copy — Nuinsco Resources Limited (CSE:NWI) has announced the issuance of 73,180,000 common shares at a subscription price of $0.005 per share, generating aggregate proceeds of $365,900. This move is part of the private placement initially announced on November 7, 2025.
The funds raised from this private placement are earmarked for advancing Nuinsco’s Prairie Lake critical metals project, situated near Terrace Bay, Ontario.
A significant portion of the issued shares, totaling 61,000,000, qualifies as “flow-through shares” under subsection 66(15) of the Income Tax Act (Canada). These shares will be renounced with an effective date no later than December 31, 2025, to the initial purchasers, amounting to no less than the gross proceeds raised. The remaining 12,180,000 shares do not hold flow-through status. The offering, as announced on December 18, 2025, is scheduled to close by February 2, 2026.
The securities offered in this placement have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful.
Nuinsco Resources has over 50 years of exploration success and is focused on prospective opportunities in Canada and internationally. The Company has the 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 NSR royalty on the Sunbeam Gold Property near Atikokan.
Paul Jones, CEO
Sean Stokes, Executive VP
Cathy Hume, Consultant
paul.jones@nuinsco.ca
sean.stokes@nuinsco.ca
cathy@chfir.com
Source: Nuinsco Resources Limited
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