HALIFAX, Nova Scotia, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Morien Resources Corp. ("Morien" or the "Company") (TSXV:MOX) announces that, as a result of strong investor demand, the Company is increasing the size of its non-brokered LIFE financing, previously announced on December 2, 2025, to an offering of up to 8,888,889 common shares ("Offered Shares") at a price of $0.18 per Offered Share (the "Offering Price") for gross proceeds of up to $1,600,000 (the "LIFE Offering"), pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions ("NI 45-106" and such exemption, the "Listed Issuer Financing Exemption").
There is an amended and restated offering document related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and at www.morienres.com. Prospective investors should read the offering document before making an investment decision.
The LIFE Offering is expected to close on or about December 16, 2025, or such other date as decided by the Company. The LIFE Offering remains subject to certain conditions customary for such transactions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The Company intends to use the net proceeds of the LIFE Offering and other available funds to support ongoing business operations, including working capital and general corporate purposes. Assuming 100% of the LIFE Offering is completed, the net proceeds are expected to provide Morien with sufficient financial resources to support its operations for an estimated four to five years. During this period, Morien will continue to advocate for a restart of operations at the Donkin Mine; progress the permitting, environmental review, and technical work associated with the recently announced Lazy Head Aggregate Project through its partnership with Carver Companies ("Carver"); and advance, alongside Carver, an early-stage technical and commercial evaluation of a Newfoundland aggregate opportunity. The Company continues its relationship with Vulcan Materials Company regarding the status and timing of its Final Investment Decision for the Black Point Quarry Project and the associated $400,000 milestone payment owed to Morien.
Subject to compliance with applicable regulatory requirements, the Offered Shares may be offered for sale on a private placement basis: (i) in each of the provinces and territories of Canada, other than Québec, in reliance on the Listed Issuer Financing Exemption; ...
