55 North Mining Announces Closing of Second Tranche of Non-Brokered Private Placement Financing
55 North Mining Announces Closing of Second Tranche of Non-Brokered Private
Placement Financing
Toronto, Ontario – November 17, 2025 - 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55
North” or the “Company”) is pleased to announce that it has closed the second tranche of its
previously announced non-brokered private placement financing (the “Offering”) for gross
proceeds of $415,000.
As noted in the Company’s press release dated October 30, 2025, the initial tranche raised gross
proceeds of $3,587,000. The second tranche comprises the issuance of 830,000 common shares
at a price of $0.50 per share, for total proceeds of $415,000. No finder’s shares or finder’s
warrants were issued in connection with this tranche. Including both tranches, the Company has
now raised $4,002,000 under the Offering to date. Proceeds from the Offering will continue to be
used to fund property payments, the commencement of drilling programs, and for general working
capital and corporate overhead. The Company may complete one or more additional closings of
the Offering in the near term, subject to customary conditions. Following the closing of this second
tranche, the Company will have approximately 32.83 million common shares issued and
outstanding.
“We continue to see strong interest in the financing from both new and existing shareholders,”
said Bruce Reid, CEO of 55 North Mining. “This second tranche further strengthens our balance
sheet as we prepare to begin drilling at Last Hope. We expect continued investor participation as
we work toward completing the final tranche of the Offering.”
About 55 North Mining Inc.
55 North Mining Inc. is a Canadian exploration and development company advancing its high-
grade Last Hope Gold Project located in Manitoba, Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of 55 North contains statements that constitute “forward-looking statements.”
Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results, performance or ach ievements, or
developments in the industry to differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking statements.