Mink Ventures Closes Private Placement

TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) (“Mink” or the "Company") announces it has closed the second and final tranche of its non-brokered private placement (the “Offering’) announced on March 13, 2025. The Company has raised gross proceeds from both tranches of $256,750. In the second tranche, the Company raised gross proceeds of $66,750 from the issuance of 667,000 hard dollar units (the "HD Units") at a price of $0.10 per HD Unit.

Each HD Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (“HD Warrant”). Each HD Warrant shall entitle the holder thereof to acquire one (1) common share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.20.

All securities issued in the closing of this tranche of the Private Placement are subject to statutory four month plus a day hold periods expiring on September 24, 2025. The Private Placement is subject to the final approval of the TSX Venture Exchange.

The Company paid aggregate finder’s fees totaling $1,750 in cash and 17,500 in non-transferable finder's warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder thereof to acquire one (1) common share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.20. All of the finder’s fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies

The Company plans to use the net proceeds raised from the sale of the HD Units and FT Units under the Offering for the exploration and advancement of the Company’s Montcalm nickel copper cobalt project, the Warren copper nickel project and, in respect of the HD Unit proceeds, for general working capital purposes.

About Mink Ventures Corporation:

Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins, Ontario area.  Mink’s Montcalm Project covers 100 km² adjacent to Glencore’s former Montcalm Mine which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010). Its Warren Ni Cu Co Project, which covers 1,130 hectares, is located 35 km away. Both projects have excellent access and infrastructure with an all-weather access road and power as well as proximity to the skilled labour and facilities of the Timmins Mining Camp. After giving effect to the share issuance from this tranche of the Private Placement, the Company has 25,678,888 Common Shares outstanding.