Inomin Closes Final Tranche of Private Placement
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
NEWS RELEASE
Inomin Closes Final Tranche of Private Placement
Vancouver, British Columbia, July 25, 202 4 – Inomin Mines Inc. (TSX.V: MINE) (“Inomin” or the “ Company”)
announces the close of the final tranche (the “ Final Tranche”) of its non-brokered private placement (the
“Financing”) as announced on April 11, 202 4, May 22, 2024, May 31, 2024 and June 25, 2024. Under the Fi nal
Tranche, the Company issued 540,000 units (“Units”) at $0.05 per Unit for gross proceeds of $27,000. Each Unit is
comprised of one common share of the Company (a “ Share”) and one-half of one Share purchase warrant (each
whole warrant, a “Warrant”). Each whole Warrant is exercisable to purchase a Share at a price of $0.10 per share for
a period of 24 months from the date of issuance thereof. The Company may accelerate the expiry date of the
Warrants, if the closing price of the shares is $0.20 or greater for a period of ten consecutive trading days, by issuing
a press release or other form of notice permitted by the certificates governing the Warrants, provided that the
accelerated expiry date shall not be less than 30 days from the date notice is given.
All securities issued under the Final Tranche are subject to a hold period expiring November 24, 2024, in accordance
with applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”). The Financing remains
subject to final acceptance by the TSXV. Inomin intends to use the gross proceeds raised from the Financing for
general working capital and to advance the Company’s property interests . In connection with the Fi nal Tranche, the
Company paid a total of $1,890 in cash commission and issued a total of 37,800 finder warrants (“Finder Warrants”)
as finder’s fees. Each Finder Warrant is exercisable for one Share at a price of $0.1 0 per share for a period of 24
months.
Corporate Update
The Company has had discussions with several companies and organizations that have expressed varied interest in
Inomin’s Beaver -Lynx magnesium -nickel project. The Company has also spoken wit h the U.S. Department of
Defense about project funding. Barring a third -party transaction or other funding, Inomin anticipates raising
exploration funding for Beaver -Lynx through flow-through and/or other capital. Inomin has developed a resource
definition drilling plan for Beaver-Lynx’s South Zone targeting initial resources of at least 100 million tonnes grading
+20% magnesium, with other critical minerals: nickel, chromium, and cobalt.
About Beaver-Lynx
The Beaver-Lynx property is located in south -central British Columbia, 50 kilometres from the city of Williams Lake
and adjacent to Taseko Mines’ (TSX: TKO) Gibraltar mine project, one of the largest open -pit copper mines in
Canada. Beaver -Lynx is easily accessible by road with hydro-electric power nearby. The Company owns a 100%
interest in the project with no royalties. Given positive initial drilling, metallurgical, and carbon capture test results – as
well as district-scale size – the Beaver-Lynx project has the potential to be a source of high -grade, green magnesium
and other critical minerals for the automotive, defense, and high technology sectors. For further information about
Beaver-Lynx, visit Inomin’s website www.inominmines.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the
United States of America. The securities have not been and will not be registered under the United States Securities
Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to
U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws,
or an exemption from such registration is available.
Inomin Mines Director, L. John Peters, P.Geo., a qualified person as defined by National Instrument 43 -101 –
Standards of Disclosure for Mineral Projects , has reviewed and approved the technical information in this news
release.
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
About Inomin Mines
Inomin Mines is focused on the identification, acquisition, and exploration of mineral properties with strong potential to
host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX V
under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
For more information please contact:
John Gomez
Tel. 604-643-1280
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward -looking statements relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding future events. Generally, forward -looking statements and
information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words
and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This informat ion and
these statements, referred to herein as "forward ‐looking statements", are not historical facts, are made as of the date of this news
release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and stateme nts as
to management's expectations and intentions with respect to, among other things, the use of proceeds from the Financin g, sources
of future exploration funding,
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including
without limitation, that the Company will receive the necessary regulatory approvals in respect of the Financing, that the Company
will use the proceeds from the Financing as currently anticipated and that the Company will obtain future exploration funding as
currently anticipated.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results
suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving
the necessary regulatory approvals in respect of the Financing; recent market volatility; the Company not using the proceeds from
the Financing as currently anticipated; the inability of the Company to obtain future exploration funding; and the state of the financial
markets for the Company’s securities.
Although management of the Company has attempted to identify important factors that could cause actual results to differ mate rially
from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as act ual
results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward -looking statements and forward -looking information. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The Company does not undertake to update any forward -looking statement,
forward-looking information or financial out -look that are incorporated by reference herein, except in accordance with applicable
securities laws. We seek safe harbor.