Maxus Mining closes C$2.6 million flow-through private placement

Maxus Mining Inc. (CSE: MAXM | FRA: R7V) announced the closing of its non-brokered private placement for 2,364,091 flow-through shares at C$1.10 per share, raising gross proceeds of C$2,600,500.10.

The Vancouver-based mineral exploration company said it will use the proceeds for exploration activities across its project portfolio in Canada. The flow-through shares allow the company to renounce eligible Canadian exploration expenses to investors for tax purposes, with expenditures to be renounced effective December 31, 2025.

In connection with the offering, Maxus Mining paid C$155,700 in finder's fees to GloRes Securities Inc. All securities issued are subject to a four-month-and-one-day statutory hold period.

Maxus Mining operates a portfolio of exploration properties totaling approximately 15,342 hectares across British Columbia. The portfolio includes three antimony projects covering 9,165 hectares, the Penny Copper Project encompassing 3,123 hectares, and the Lotto Tungsten Project comprising 3,054 hectares.

The company's properties are located in established mining regions of British Columbia, with the Penny Copper Project situated near the former Sullivan Mine at Kimberley.

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