Axion Minerals Corp Announces Flow Through Private Placement
Axion Minerals Corp Announces Flow Through
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - Axion Minerals Corp. (CSE:
AXN) ("
Axion Minerals
", "
Axion
" or the "
Company
") is pleased to announce that it intends to complete
a non-brokered private placement offering (the "
Private Placement
") of up to 3,384,615 units (the "
FT
Units
") at a price of $0.13 per FT Unit for aggregate gross proceeds of up to $440,000. Each FT Unit
will consist of one "flow-through" common share in the capital of the Company (each, an "
FT Share
")
and one (non-flow-through) common share purchase warrant (each, a "
Warrant
"), with each Warrant
being exercisable to acquire, for a period of 24 months from the date of issuance, one non-flow-through
common share in the capital of the Company (each, a "
Warrant Share
") at an exercise price of $0.14
per Warrant Share.
The securities issued in connection with the FT Units will be subject to a statutory hold period of four
months and one day from the date of issuance, in accordance with applicable Canadian securities laws.
Closing of the Private Placement is subject to the receipt of all necessary corporate and regulatory
approvals.
The Company intends to use the gross proceeds from the Private Placement to incur eligible Canadian
exploration expenses that are intended to qualify as "flow-through mining expenditures" (as such terms
are defined in the
Income Tax Act
(Canada)) in relation to the Company's mineral projects in Canada.
The securities described herein have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any applicable United States state securities laws, and may not
be offered or sold in the United States absent registration or an applicable exemption from such
registration requirements. This news release does not constitute an offer to sell or a solicitation of an
offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
For more information, please refer to the Prospectus available on the Company's SEDAR+ profile at
www.sedarplus.ca
.
About Axion Minerals Corp.
Axion Minerals Corp. is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Canada.
Its objective is to locate and develop economic mineral properties of merit
and to conduct its exploration program on the Cranberry Creek REE property, which is comprised of
three contiguous mineral claims covering approximately 2,673.19 hectares in the Kamloops Mining
Division, British Columbia.
On Behalf of Axion Minerals Corp.
Christopher Hill
Chief Executive Officer
For further information, please contact:
Email:
Tel:
1 (778) 837-7191
Cautionary Statement
This news release includes certain forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein including, without
limitation, statements regarding the expected completion of the Private Placement, the expected use of
proceeds from the Private Placement and the anticipated business plans and timing of future activities of
the Company, are forward-looking statements. Although the Company believes that such statements are
reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not
always, forward looking information can be identified by words such as "pro forma", "plans", "expects",
"will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates",
"believes", "potential" or variations of such words including negative variations thereof, and phrases that
refer to certain actions, events or results that may, could, would, might or will occur or be taken or
achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to differ materially
from any future results, performance or achievements expressed or implied by the forward-looking
statements. Such risks and other factors include, among others, risks relating to the ability of the
Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining
governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or
financing, changes in laws, regulations and policies affecting mining operations, the Company's limited
operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as
well as those factors discussed under the heading "Risk Factors" in the Prospectus and other filings of
the Company with the Canadian Securities Authorities, copies of which can be found under the
Company's profile on the SEDAR+ website at
www.sedarplus.ca
.
Readers are cautioned not to place undue reliance on forward-looking statements.
The Company
undertakes no obligation to update any of the forward-looking statements in this news release or
incorporated by reference herein, except as otherwise required by law.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents
of this press release.
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED
STATES NEWS WIRE SERVICES**
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