Morien Announces Upsize of Non-Brokered LIFE Financing
Morien Announces Upsize of Non-Brokered LIFE Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
HALIFAX, Nova Scotia, Dec. 04, 2025 -- Morien Resources Corp. (“Morien” or the “Company”) (TSX-V: MOX)
announces that, as a result of strong investor demand, the Company is increasing the size of its non-brokered LIFE financing,
previously announced on December 2, 2025, to an offering of up to 8,888,889 common shares (“Offered Shares”) at a price of
$0.18 per Offered Share (the “Offering Price”) for gross proceeds of up to $1,600,000 (the “LIFE Offering”), pursuant to the
Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106” and
such exemption, the “Listed Issuer Financing Exemption”).
There is an amended and restated offering document related to the LIFE Offering that can be accessed under the Company's
profile at www.sedarplus.ca and at www.morienres.com. Prospective investors should read the offering document before
making an investment decision.
The LIFE Offering is expected to close on or about December 16, 2025, or such other date as decided by the Company. The
LIFE Offering remains subject to certain conditions customary for such transactions, including the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange.
The Company intends to use the net proceeds of the LIFE Offering and other available funds to support ongoing business
operations, including working capital and general corporate purposes. Assuming 100% of the LIFE Offering is completed, the
net proceeds are expected to provide Morien with sufficient financial resources to support its operations for an estimated four
to five years. During this period, Morien will continue to advocate for a restart of operations at the Donkin Mine; progress the
permitting, environmental review, and technical work associated with the recently announced Lazy Head Aggregate Project
through its partnership with Carver Companies (“Carver”); and advance, alongside Carver, an early-stage technical and
commercial evaluation of a Newfoundland aggregate opportunity. The Company continues its relationship with Vulcan
Materials Company regarding the status and timing of its Final Investment Decision for the Black Point Quarry Project and the
associated $400,000 milestone payment owed to Morien.
Subject to compliance with applicable regulatory requirements, the Offered Shares may be offered for sale on a private
placement basis: (i) in each of the provinces and territories of Canada, other than Québec, in reliance on the Listed Issuer
Financing Exemption; (ii) in the United States pursuant to available exemptions from the registration requirements of the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and applicable U.S. state securities laws, and
(iii) in such other jurisdictions outside of Canada and the United States as the Company may determine. The Offered Shares
issued pursuant to the Listed Issuer Financing Exemption to Canadian resident subscribers under the LIFE Offering will not be
subject to a hold period pursuant to applicable Canadian securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The
securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be
offered or sold within the United States or to, or for the account or benefit of, United States persons unless registered under
the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Morien
Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova
Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from
the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project,
in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets
and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be
paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and
outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.
Forward-Looking Statements
Some of the statements in this news release, including statements concerning the closing of the LIFE Offering, the planned
use of the net proceeds and other available funds, and Morien’s plans for the future, constitute "forward-looking information" as
defined under applicable securities laws. These statements reflect Morien's current expectations of future revenues and
business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual
performance will be affected by a number of factors, many of which are beyond its control, and that future events and results
may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from
those in forward-looking statements include risks and uncertainties relating to the ability to satisfy the conditions to closing
the LIFE Offering or to close the LIFE Offering on the expected timetable or at all, or that the Company may not be able to use
its available funds as currently anticipated, as well as the other risks and uncertainties described in documents filed by Morien
with the Canadian securities regulators on SEDAR+ (www.sedarplus.com) from time to time. Morien cautions that its royalty
revenue will be based on production by third party property owners and operators who will be responsible for determining the
manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also
subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in
financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the
rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate;
unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration
results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes;
and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral
exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based
on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s
working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company
has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien
expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release,
whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar
values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news
release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news
release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about
management's current expectations and plans relating to the future. Readers are cautioned that such outlook or information
should not be used for purposes other than for which it is disclosed in this news release.
Neither the 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.
For more information, please contact:
Dawson Brisco, President & CEO
Phone: (902) 403-3149
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914