---
title: "Nine Mile Metals Raises $4.63 Million in Private Placement"
description: "Nine Mile Metals Ltd. has successfully completed a private placement, raising $4.63 million by issuing 24,374,997 units at $0.19 each. Each unit includes one common share and one warrant, allowing the"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273285439.md"
published_at: "2026-01-21T22:01:06.000Z"
---

# Nine Mile Metals Raises $4.63 Million in Private Placement

> Nine Mile Metals Ltd. has successfully completed a private placement, raising $4.63 million by issuing 24,374,997 units at $0.19 each. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.30 for two years. The funds will support exploration in the Bathurst Mining Camp and cover administrative costs. The offering was conducted under the listed issuer financing exemption and is not registered in the U.S. Finders fees and warrants were also issued as part of the transaction.

Nine Mile Metals Ltd. has closed a private placement, raising gross proceeds of $4,631,250 through the issuance of 24,374,997 units at $0.19 per unit. Each unit consists of one common share and one warrant, with each warrant allowing the holder to acquire an additional common share at $0.30 for two years. The offering was made under the listed issuer financing exemption and is not registered in the United States. Proceeds will be used for exploration activities in the Bathurst Mining Camp and for general administrative expenses. The company also paid finders fees and issued finders warrants as part of the transaction. 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. Nine Mine Metals Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 281109) on January 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.