Nickel North Announces $1.5 Million Non-Brokered Private Placement
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
August 25, 2025
Trading Symbol: "NNX: TSX.V"
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
NEWS RELEASE
NICKEL NORTH ANNOUNCES $1.5 MILLION
NON-BROKERED PRIVATE PLACEMENT
Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company" or "Nickel North") is
pleased to announce announces a non-brokered private placement (the "Private Placement") offering
of up to 60,000,000 Units (the "Units") at $0.025 per Unit for gross proceeds of up to $1,500,000.
Each Unit will comprise one common share and one half of a warrant. A whole warrant (each a
“Warrant”) entitling the holder to purchase one additional common share of the Company at $0.05
per share for a period of two years following closing of the Private Placement.
The Warrants will also be subject to acceleration provisions so that the Company may, at its sole
discretion, (a) when the closing price of the Company’s common share equals or exceeds $0.08 per
share consecutively for one month (the “First Acceleration Trigger”), accelerate the expiration date
of 50% of the Warrants owned by a holder to one month following the First Acceleration Trigger, and
(b) when the closing price of the Company’s common share equals or exceeds $0.16 per share
consecutively for one month (the “Second Acceleration Trigger”), accelerate the expiration date of all
of the Warrants owned by a holder to one month following the Second Acceleration Trigger.
The Private Placement is subject to regulatory approval. All securities to be issued pursuant to the
Private Placement are subject to a four-month hold period under applicable Canadian securities laws.
All funds are denominated in Canadian dollars. A finder's fee commensurate with regulatory policies
may be paid if applicable. No more than 10% of the proceeds of any financing will be used for Investor
Relations Activities.
Proceeds from the Private Placement will be used for field exploration programs on the Hawk Ridge
Ni-Cu-PGE-Co project, updating previous NI 43-101 resource estimate report, and general working
capital and potential acquisitions of new assets.
Neither the Exchange nor its Regulations Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
An insider has participated in the Private Placement. This constitutes a "related party transaction" as
defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal validation
and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such
insider participation based on a determination that the fair market value of the participation in the
Offering by the insider does not exceed 25% of the market capitalization of the Company, as
determined in accordance with MI 61-101.
AC/14021119.2
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
This Private Placement is subject to customary closing conditions and approvals of applicable
securities regulatory authorities, including the TSX Venture Exchange.
About Nickel North Exploration
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-PGE
mineral resource at its Hawk Ridge Project in Northern Quebec. The board of directors, advisor
committee and management team are experienced, successful mine finders. The property consists of
a 50 km long belt of strong magmatic Cu-Ni-Co-PGE occurrences covering 179.67 km2. Quebec is a
mining-friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen maintains
good relations with local Inuit communities and is committed to sustainable development. For more
information on the company, please visit www.nnexploration.com or follow Company on Twitter at
https://twitter.com/nickelnorth.
Nickel North Exploration Corp. has been identified as a key player in the Critical and Strategic Minerals
value chain by Quebec's Ministry of Economics and Innovation (MEI) in 2021 (Quebec Plan for the
Development of Critical and Strategic Minerals 2020-2025 (quebec.ca), which is part of Quebec's Plan
for the Development of Critical and Strategic Metals (QPDCSM) and aims to stimulate the exploration
and mining of SCMs, their transformation and recycling.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Per: "Tony Guo"
Tony Guo
Nickel North Exploration Inc.
Tony Guo. P. Geo, Chief Executive Officer (Tel: +1-778-8775480) E-mail: [email protected]
For further information please visit http://www.nnexploration.com
This news release may contain forward-looking information, which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ materially from those expressed
or implied by such forward-looking information. Forward- looking information in this news release
may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could
cause actual results to differ materially from such forward-looking information include, but are not
limited to, those risks set out in the Company's public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed time frames, or at all. The Company disclaims any intention
or obligation to update or revise any forward looking information, whether as a result of new
information, future events or otherwise, other than as required by law. Neither TSX Venture exchange
nor its Regulations 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.
AC/14021119.2