55 North Mining Announces Flow-Through Financing
55 North Mining Announces Flow-Through Financing
Toronto, Ontario – February 4, 2026 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55 North”
or the “Company”) announces that it intends to complete a non-brokered flow-through private
placement (the “Private Placement”). The Private Placement is expected to close on or about
February 26, 2026, subject to customary closing conditions and regulatory approvals.
The Company intends to issue 1,596,000 flow-through common shares (the “FT Shares”) at a
price of $0.745 per FT Share for aggregate gross proceeds of approximately $1,189,020.
The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares,
in accordance with the provisions of the Income Tax Act (Canada). No warrants are being issued
in connection with the Private Placement. All securities issued pursuant to the Private Placement
will be subject to a four-month hold period.
The gross proceeds raised from the Private Placement will be used to incur eligible Canadian
exploration expenses that qualify as “flow-through mining expenditures” for purposes of the
Income Tax Act (Canada), related to the exploration of the Company’s Last Hope Gold Project.
In addition, the Company confirms that exploration drilling activities are underway, with one drill
rig currently operating on the Last Hope Gold Project. A more detailed operational update will be
provided in a subsequent news release.
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.