Nine Mile Metals Ltd. announced a private placement to issue 8,333,333 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 499,999.98 on February 8, 2024. Each Unit will be comprised of one common share and one Common Share purchase warrant with each Warrant entitling the holder thereof to acquire one Common Share at a price of CAD 0.10 per Common Share for a period of 24 months from the date of issuance. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 8% cash and 8% common share purchase warrants, exercisable to purchase one common share at a price of CAD 0.10 for a period of 24 months.

All securities issued in the private placement will be subject to a four month and a day hold period.