TORONTO, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Nuvau Minerals Inc. (TSXV:NMC) (the "Company" or "Nuvau") is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (collectively, the "Agents"), in connection with a proposed "best efforts" brokered private placement for aggregate gross proceeds of up to $20,000,000, comprised of the offer and sale of up to (i) 18,750,000 units of the Company (each, a "Unit"), at a price of $0.80 per Unit, for gross proceeds of up to $15,000,000, and (ii) 5,000,000 flow-through shares of the Company (each, a "FT Share"), at a price of $1.00 per FT Share, for gross proceeds of up to $5,000,000 (together, the "Offering"). The Agents will have an option (the "Agent's Option"), exercisable in whole or in part up to 48 hours prior to the Closing Date (as defined herein), to offer for sale up to any combination of additional Units, Common Shares and/or Warrants to raise up to an additional $5,000,000 in gross proceeds.
Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share for a period of 36 months following the closing of the Offering. All FT Shares will be Common Shares that qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "ITA") [and section 359.1 of the Taxation Act (Québec)].
The Company intends to use the proceeds of the Offering for working capital and general corporate purposes and for the completion of exploration and development activities at its Matagami property. The gross proceeds from the offering of FT Shares will be used by the Company to incur eligible "Canadian exploration expenses", some portion of which may qualify as "flow-through critical mineral mining expenditures", (as both terms are defined in the ITA) (the "Qualifying Expenditures") on or before December 31, 2027, which Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.
The Units and FT Shares are to be offered for sale ...
