Mink Ventures increases private placement to $1 million

Mink Ventures Corporation (TSXV: MINK) announced it has doubled the size of its previously announced private placement to $1 million from $500,000 due to additional investor demand.

The Toronto-based mineral exploration company said the offering will consist of hard dollar units priced at $0.10 each and flow-through units at $0.13 per unit. Each unit includes one common share and one warrant exercisable at $0.20 for 36 months.

The flow-through shares will qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures under Canada's Income Tax Act. The company plans to renounce qualifying expenditures equal to gross proceeds from flow-through share sales to initial purchasers by December 31, 2025.

Mink Ventures stated it will use net proceeds for exploration and advancement of its Montcalm nickel-copper-cobalt project and Warren copper-nickel project, with hard dollar unit proceeds also supporting general working capital.

The offering is subject to TSX Venture Exchange approval and a four-month hold period. The initial closing is expected around October 15, 2025. The company may pay finder's fees up to 8% in cash and warrants to introducing parties.

Mink Ventures explores for critical minerals in Ontario, Canada. Its Montcalm project covers approximately 100 square kilometers adjacent to Glencore's former Montcalm Mine, which historically produced 3.93 million tonnes of ore. The company has 25,678,888 common shares outstanding.

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