<p>Borealis Mining Company Limited has closed a “bought deal” private placement, issuing 15,341,000 common shares at C$1.50 per share for total gross proceeds of C$23,011,500. The offering included the full exercise of the underwriters’ option and was conducted under the Listed Issuer Financing Exemption, making the shares exempt from a statutory hold period under Canadian securities laws. In connection with the offering, Borealis paid underwriters a cash commission of C$1,370,689.98 and issued 913,793 compensation warrants, each exercisable at C$1.50 per share for 24 months. The transaction is subject to final approval by the TSX Venture Exchange. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Borealis Mining Company Limited published the original content used to generate this news brief via Newsfile (Ref. ID: 280504) on January 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Borealis Mining Raises C$23 Million in Private Placement Share Sale