Nuinsco Announces Private Placement
Nuinsco Announces Private Placement
Toronto, November 7, 2025 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI) today announced a
non-brokered private placement of flow -through common shares (“ Flow-Through Shares ”) and common shares
(“Common Shares,” collectively the “Private Placement”). Under the Private Placement, the Company could issue up to
100,000,000 Flow-Through Shares and/or Common Shares, dependent on investor demand, priced at $0.005. The Private
Placement is expected to close on or about December 4, 2025.
Proceeds from the sale of Flow-Through Shares will be used to fund work to advance the Company’s Prairie Lake critical
minerals project located near Terrace Bay, Ont.; proceeds from the sale of Common Shares will be used for future general
corporate purposes.
Nuinsco’s focus project, Prairie Lake, is a c ritical minerals asset with a phosphate – rare earth element (“REE”) mineral
resource estimate (“MRE”) of close to 900 million tonnes (15.6 million tonne indicated and 871.8 million tonne inferred,
using a 2% P 2O5 cut-off grade) - see MRE table below. Crucially, using an increased 5% P2O5 cut-off grade, as reported
August 13, 2024, has led to the identification of a domain that comprises a 65 million tonne Inferred MRE sensitivity
grading 5.9% P2O5 and a 1.2 million tonne Indicated MRE sensitivity grading 5.8% P2O5, within the existing MRE, and with
coincident increase in REE co-concentrate grade. The presence of such a domain of higher -grade critical mineral
endowment combined with a multitude of favourable characteristics – technical, logistical, geographic, and strategic
necessity – may have great significance to the development of Prairie Lake.
Metallurgical studies to date demonstrate that a clean phosphate concentrate, containing valuable REE co-concentrate,
can be reliably produced from Prairie Lake rock. The Potential for niobium co -product is also apparent and is being
investigated.
The elements found at Prairie Lake are essential for applications in transportation, power distribution and storage, steel
fabrication, green technologies and agriculture, to name a few. The p roject boasts substantial, already established,
logistical advantages, including easy access to:
• Nearby communities - all able to supply a local, skilled workforce.
• An all-weather forest access road crossing the project and deposit.
• Paved Highways 17 and 11 to the south and north respectively.
• Canadian Pacific Railway and Canadian National Railway networks.
• A high capacity (230kV) electrical power transmission line.
• The Marathon deep water port project (50 km away) , able to accommodate ocean-going ships. Deep-
water ports are also located at Thunder Bay and Sault Ste. Marie, Ontario.
• The Marathon airport.
Prairie Lake Project 2022 Pit-Constrained Mineral Resource Estimate(1-6)
Rare Earth Oxides Niobium Phosphate
Class Cut-Off Tonnes Nd2O3 Pr6O11 Sc2O3 CeO2 La2O3 Sm2O3 Ta2O5 Y2O3 TREO Nb2O5 P2O5
NSR C$/t M g/t g/t g/t g/t g/t g/t g/t g/t kg/t % %
Indicated 30 15.6 344 96 15 754 300 58 28 100 1.67 0.16 3.71
Inferred 30 871.
8 409 82 18 905 388 79 17 127 2.01 0.10 3.39
2
MRE Sensitivity Analysis
*TREO = Total Rare Earth Oxides: neodymium, Nd2O3 ; praseodymium, Pr6O11; scandium, Sc2O3; Cerium, CeO2; lanthanum, La2O3; samarium, Sm2O3;
yttrium, Y2O3.
A full description of methodology used to estimate the Prairie Lake project Mineral Resource Estimate is contained in the NI 43- 101 compliant
Technical Report, effective date 31 May 2022 prepared by P&E Mining Consultants Inc. that is filed on SEDAR.
1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political,
marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource
and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource
could potentially be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM),
CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM
Standing Committee on Reserve Definitions and adopted by the CIM Council.
5. US$ Metal prices used were $ 80/Kg Nd2O3, $80/Kg Pr 6O11, $1,500/Kg Sc 2O3, $50/Kg Nb 2O5, $250/t P 2O5, $1.35/Kg CeO 2,
$1.35/Kg La2O3, $3.50/Kg Sm2O3, Nil$/t Ta2O5 and $13.00/kg Y2O3, 0.78 FX all with combined process recoveries and payables
of 50%, except P2O5 at 75%.
6. The constraining pit optimization parameters were C$ 2.50/t mining cost for all material, C$25/t process cost, C$5/t G&A cost
and 45-degree pit slopes with a C$30/t NSR cut-off.
Laura Giroux, P.Geo, Chief Geologist, acts as Nuinsco's Qualified Person under National Instrument 43-101. Ms. Giroux has
reviewed and approved the technical content of this news release
About Nuinsco Resources Limited
Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multi-commodity mineral explora-
tion and development company focused on prospective oppor tunities in Canada and internationally. Currently the
Company has the large multi- commodity (phosphate, rare earth element, niobium, tantalum) Prairie Lake Project near
Marathon-Terrace Bay, the Zig Zag Lake Property (lithium, tantalum) near Armstrong optioned to First Class Metals PLC,
Inferred
Cut-Off VOLUME DENSITY TONNAGE P2O5 Nd Pr Ce La Sm Y Sc Nb2O5 U3O8
P2O5 % m3 t/m3 Tonnes % g/t g/t g/t g/t g/t g/t g/t % %
8 504,915 3.04 1,534,940 8.505 568.51 83.07 1225.703 548.093 100.084 191.929 5.166 0.096 0.008
7.5 992,286 3.04 3,016,549 8.125 561.97 81.202 1225.164 548.435 99.738 184.698 5.234 0.099 0.009
7 1,962,092 3.04 5,964,760 7.681 567.22 77.629 1248.891 560.954 103.001 179.777 5.164 0.096 0.009
6.5 4,021,444 3.04 12,225,190 7.194 555.78 71.636 1227.641 552.677 102.683 174.591 5.106 0.088 0.009
6 7,347,125 3.04 22,335,260 6.757 537.18 70.731 1181.957 532.46 100.152 166.359 5.45 0.082 0.008
5.5 12,910,762 3.04 39,248,718 6.317 517.49 71.378 1130.814 507.828 97.108 159.54 6.18 0.078 0.008
5 21,367,378 3.04 64,956,827 5.887 489.16 72.124 1059.889 472.928 92.462 151.337 6.588 0.076 0.008
4.5 36,045,194 3.04 109,577,389 5.414 457.61 72.046 984.07 436.254 86.9 142.344 6.982 0.078 0.008
4 63,958,527 3.04 194,433,921 4.89 426.16 71.754 914.221 402.655 81.377 131.175 8.211 0.084 0.007
3.5 121,041,477 3.04 367,966,086 4.347 385.97 70.24 828.994 366.209 73.388 117.241 9.904 0.088 0.006
3 189,697,544 3.04 576,680,526 3.946 365.05 69.219 779.25 345.851 69.69 108.055 11.457 0.096 0.006
2.5 246,315,332 3.04 748,798,599 3.678 352.42 68.609 750.083 333.62 67.161 102.583 12.098 0.101 0.006
2 277,491,483 3.04 843,574,097 3.522 347.16 67.791 735.852 328.308 66.412 100.682 12.104 0.101 0.005
Indicated
Cut-Off VOLUME DENSITY TONNAGE P2O5 Nd Pr Ce La Sm Y Sc Nb2O5 U3O8
P2O5 % m3 t/m3 Tonnes % g/t g/t g/t g/t g/t g/t g/t % %
8 20,451 3.04 62,172 8.532 398.43 80.23 877.815 431.521 60.998 115.843 6.637 0.184 0.085
7.5 35,689 3.04 108,496 8.203 362.59 76.522 794.318 391.321 56.755 106.703 6.175 0.179 0.079
7 51,689 3.04 157,136 7.912 355.52 75.119 776.601 379.881 56.26 106.15 5.993 0.179 0.074
6.5 74,459 3.04 226,354 7.537 340.18 73.974 740 349.115 54.617 105.567 5.785 0.165 0.066
6 116,211 3.04 353,281 7.066 335.44 75.164 725.92 338.726 54.015 103.579 5.816 0.155 0.058
5.5 186,185 3.04 566,001 6.564 334.84 74.846 723.412 337.923 54.398 100.818 5.762 0.149 0.049
5 393,210 3.04 1,195,359 5.848 331.43 76.968 713.92 317.792 55.031 98.431 5.646 0.138 0.037
4.5 847,770 3.04 2,577,222 5.236 333.39 78.631 714.97 308.965 55.702 95.4 6.037 0.141 0.028
4 1,702,372 3.04 5,175,212 4.732 329.31 80.473 699.991 297.52 55.454 90.752 7.899 0.167 0.021
3.5 3,017,992 3.04 9,174,697 4.3 318.73 81.49 671.377 282.521 54.039 85.066 9.637 0.172 0.017
3 4,074,867 3.04 12,387,594 4.031 309.38 81.216 648.264 269.479 52.541 81.863 9.77 0.171 0.016
2.5 4,695,307 3.04 14,273,733 3.868 302.97 80.819 632.648 262.148 51.519 80.106 9.839 0.169 0.016
2 4,963,404 3.04 15,088,749 3.782 299.51 80.609 624.366 257.639 51.012 79.558 9.922 0.165 0.015
3
and the el Sid near-term gold project in Egypt and retains a NSR royalty on the Sunbeam Gold Property near Atikokan.
Forward-Looking Statements
The information in this news release may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities
legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, es timates and uncertainties. Generally, FLI can
be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”,
“estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that
certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include but is not limited to: statements regarding the use of proceeds of the Private Placement; the Company’s exploration plans, the tax
treatment of the securities issued under the Private Placement under the Income Tax Act (Canada); the timing to renounce all qualifying expenditures in favour of the
subscribers (if at all); MREs; results of metallurgical studies; and the future prospects of the Company.
FLI is designed to help you understand management’s current views of its near - and longer-term prospects, and it may not be appropriate for other purposes. FLI by
their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or
achievements of the Company to be materially different from any future results, performance or achievements expressed or impl ied by such FLI. Although the FLI
contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders
and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as
anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as
required by law, the Company does not under take, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or
circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not
place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions pr ove incorrect, actual results may vary
materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions;
the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration
activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions; the ability of the Company to obtain required approvals;
geological, mining and exploration technical problems; failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal
prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and
uncertainties about The Company's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at
www.sedarplus.ca.
Paul Jones,
CEO
Sean Stokes,
Executive VP
Cathy Hume,
Consultant
@nuinscoresources
613-867-5902 416-712-7481 416-868-1079
877-838-1079
paul.jones@
nuinsco.ca
sean.stokes@
nuinsco.ca
@NWIResources