NINE MILE METALS RECEIVES NBJMAP EXPLORATION GRANT FOR CALIFORNIA LAKE EAST VMS PROJECT
TORONTO, ON., Thursday June 12th, 2025 – NINE MILE METALS LTD. (CSE: NINE, OTC PINK: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce it has received a $ 40,000 grant from the New Brunswick Department of Natural Resources and Energy Development for continued exploration on the Company’s California Lake East VMS Project. In April 2025, the Company submitted a proposal to the Department of Natural Resources and Energy Development Junior Mining Assistance Program (NBJMAP) for specific exploration on the California Lake East VMS Project, where previous drilling in 2022 confirmed the presence of a VMS system associated with Mineral occurrence 32S, on the north end of EarthEx Target #8 (Figure 1 below). This season’s exploration is planned along the stratigraphic horizon and EM strong late time conductors, delineated by EarthEx, that defines the California Lake East VMS Trend (Target #6 and #8). Planned work will start with ground-based geophysics to define the prioritized drill targets to follow. Target #6 below, has been previously identified as a High Priority New Target and possibly the source to the previously announced successful VMS drill program at Target #8. The NB government continues to be highly supportive and committed to the success of the mining community in the Bathurst Mining Camp. Each year the Junior Mining Assistance Program provides funding for the advancement of Selected Projects that meet their criteria of high interest to the advancement of the Camp. We are pleased to receive support again this year, from the Geological Survey Branch in Bathurst and advance our exploration Program at California Lake East. This is on the heels of last year’s significant grant received to advance the Wedge VMS Project. Utilizing the data collected and interpreted by EarthEx, the technical team, with the assistance of Apex Geoscience, will design an appropriate ground-based survey method to best define the conductive trend extending from Target 6 to Target 8. Apex, with previous experience in the Bathurst Mining Camp, will be integral in planning, the ground-based options including both fixed and moving loop Electromagnetics. The decision will follow a thorough compilation of all historic drill holes and the more recent results obtained by Nine Mile. “The team is looking forward to continuing our development of the California Lake East VMS Trend and test Target #6, the potential source of the Trend. We will track the trend mineralization from our drill program area at Target #8, expanding the VMS mineralization to the south, along the strong conductive trend, that leads to High Priority Target #6. Target #6 is a untested newly identified high priority target. Our technical team looks forward to commencing this project of high importance for Nine Mile Metals. We are grateful for the continued support from our NB Department of Natural Resources and our local mining community. Once again, we are honoured to receive this support.” stated G. Lohman, V.P. Exploration. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS LTD CONFIRMS THE ADDITION OF MIKE DUFRESNE, MS, P.GEO TO THE TECHNICAL ADVISORY COMMITTEE
TORONTO, ON., Tuesday, June 10th, 2025 – NINE MILE METALS LTD. (CSE: NINE, OTC PINK: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the addition of Mike Dufresne to the Nine Mile Metal’s Technical Advisory Committee, effective June 4th, 2025. Mike Dufresne, MS, P.GEO – Technical Advisory Committee Mr. Dufresne is the President and Co-Founder of APEX Geoscience Ltd., Edmonton, Alberta, Canada. A world leading firm with over 100 geological and geophysical professionals operating in over 35 countries. He is a registered Professional Geologist (P.Geo) with APEGNB. Mr. Dufresne was personally part of the exploration team responsible for the discovery of the George – Goose Lake deposits (est. 4+ million ounces of gold), the Three Bluffs deposit (est. 760,000 ounces of gold) in Nunavut, and the Perseverance gold deposit in western Australia. Apex Geoscience is a global leader in geological and geoscience consultancy renowned across the industry for its comprehensive and integrated earth science services. Apex Geoscience is a full-service, independent geological consulting firm that specializes in project implementation, geological and geophysical field services, and geological interpretation and reporting, including resource estimation services. They are an integral component of your exploration team from design to implementation to data acquisition to program execution and interpretation to reporting. Mike and Apex specialize in Copper-Gold and Volcanogenic Massive Sulphide (VMS) style exploration models. Apex’s expertise spans a wide range of commodities and deposit types worldwide including a full spectrum of VMS style deposits. Specific VMS exploration includes Projects such as Wolverine, Chu Chua, Myrna Falls, Red Mountain and the Chester Deposit in the Bathurst Camp. The addition of Mike and Apex Geoscience rounds out the technical team bringing expertise in multi-disciplined VMS exploration in the Bathurst Mining Camp. Together with EarthEx Geophysical Solutions Inc’s data acquisition and interpretation completed to date, Nine Mile is now strongly positioned to advance its VMS portfolio in 2025 and beyond, starting with exploration on multiple projects including the previously announced West Wedge & TriBag Drill Programs (Targets #3 & #4). See below Figure 1. “Our technical team is looking forward to working with Mike and his team of experts at Apex Geoscience on our portfolios, especially our Wedge and Nine Mile Brook Projects. Mike will help move us forward to our 2025 exploration program goals and he brings a wealth of VMS experience and knowledge, specifically on the BMC. The data acquisition and work to date from EarthEx, now combined with Mike & Apex, gives us an incredibly powerful data & interpretation team based on local geology and leading-edge geophysics. Our team is second to none.“, stated Gary Lohman, V.P. Exploration. Patrick J. Cruickshank, MBA, CEO & Director stated “we have known Mike for several years now and we couldn’t be more pleased to finally welcome him as an active member of our Technical Advisory Committee. As we have demonstrated over the past several years, our commitment to technical exploration, a necessary component for the discovery of the next new deposit in the Bathurst Mining Camp, we now have the quality to position ourselves for many successes in our future.” About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS APPOINTMENTS JONATHAN HOLMES TO THE BOARD OF DIRECTORS
TORONTO, ON, – Wednesday, April 9th, 2025 – NINE MILE METALS LTD- (CSE:NINE, OTCQB:VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce the appointment of Mr. Jonathan Holmes to the Board of Directors effective April 16, 2025. Jonathan Holmes, B.A.– Board of Directors Mr. Holmes is a partner at Dig Media Inc., the Vancouver-based parent company of the Industry Leader Marketing Company – Investing News Network “INN”. With over 15 years navigating INN, he has been instrumental in shaping the company’s capital market strategies and global expansion. As a co-founder of INN Australia and its managing director, he has played a key role in broadening INN’s presence. He also co-founded Cannabis Investing News and Psychedelics Investing News, strengthening INN’s coverage of emerging sectors. Mr. Holmes has worked with more than 200 publicly listed companies across North America and Australia, specializing in venture capital, investor relations, and strategic marketing. His 25-year career includes collaborations with startups and Canada’s Top 100 Employers, providing deep expertise in corporate growth and market positioning. A native of Windsor, Ontario, he received a Bachelor of Arts Degree from the prestigious University of Western Ontario. He has continued to pursue further studies in business writing, public relations, and marketing at Simon Fraser University in British Columbia. Committed to driving shareholder value, Mr. Holmes applies his business leadership techniques and insight to support corporate growth and long-term success strategies. Patrick J. Cruickshank, MBA, CEO & Director stated “We are pleased to welcome Jonathan to the Nine Mile Metals Board of Directors. We believe Jonathan’s experience and expertise in his field will be invaluable to Nine Mile and our journey forward. Jonathan’s vision of the global market sector, in both, Global Media & Capital Markets, will help us navigate these difficult & challenging markets while increasing our investor awareness in new markets.” Mr. Holmes also serves on the Board of Reem Capital Corp. (TSXV: REEM) and is a member of the Australian Institute of Company Directors. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS CLOSES FULLY SUBSCRIBED PRIVATE PLACEMENT AND DEBT CONVERSION
TORONTO, ON, – Wednesday, April 9th, 2025 – NINE MILE METALS LTD- (CSE:NINE, OTCQB:VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces completion of the second tranche of a private placement (the “Offering”) announced on January 21, 2025. The Company issued 6,309,699 units (each, a “Unit”) at a price of $0.021 per Unit, for proceeds of $132.503. The Company fully closes the original Offering of $157,500 and the debt conversion in the first tranche previously announced February 4th, 2025 for total combined Unit issuance value of $388,653. The Company is pleased to close this funding in full, during these challenging markets and uncertain times. We continue forward with our preparation of our 2025 season and look forward to sharing more news shortly. Each Unit consists of one common share of the Company and one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of $0.05 for a period of 60 months. All Current Directors of the Company participated in the 2nd Tranche of the offering and purchased 1,217,857 Units for ($25,575). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61- 101”) contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation. The proceeds raised through the private placements will be used for general and administrative obligations. All securities issued in the Private Placement are subject to a four month and one day hold period, there were no commissions paid. The issuance of Common Shares will not result in a new insider or control person. The Common Shares, and any Common Shares to be issued on exercise of the Warrants, are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the Units. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” Chief Executive Officer and Director T: (506) 804-6117 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS MAINTAINS WEDGE PROJECT OPTION WITH SECOND ANNIVERSARY PAYMENTS
TORONTO, ON, – Friday March 7th, 2025 – NINE MILE METALS LTD- (CSE:NINE, OTCQB:VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has proceeded with its second anniversary payment under its option to Purchase 100% of the Wedge Project, dated February 9, 2023, (the “Option Agreement”) with Slam Exploration Ltd. (“Slam”). The Company has approved and paid the renegotiated Cash Payment of $9,000 and also authorized and issued the allotment of 200,000 common shares as part of the Option Agreement with an additional 1,000,000 common shares in lieu of a partial Cash Payment at a deemed price of $0.021 as fully paid and non-assessable to Slam, on the 24th of February 2025. The common shares are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the shares. The Wedge VMS Project consists of 35.83 km2 including the Wedge Mine, West Wedge, Tribag Targets within the 8km Wedge VMS Exploration Trend. Significant Drill Holes from our 2024 successful New Wedge East Extension highlighted below: The Wedge VMS Trend hosts 2025 Priority Targets #3, #4 & #7 located over 6 kms west of the Wedge Mine. The geophysics is complete, the modeled targets are shown below for our upcoming drill program. Gary Lohman, P.Geo., VP Exploration stated “Looking forward to getting back on the ground and drilling the West Wedge and Tribag Targets. The drilling contract has been executed, and timeframe will be mid to late May depending on road and water access from the normal winter snow melt runoffs. With VMS mineralization exposed in trenches at surface, above the Target Plates depicted in (Figure 3) Targets B1, C1-C4 and D1, the Tribag area has tremendous potential for a larger system at depth. The BMC – VMS deposits can cluster in trends, such as Heath Steele, Halfmile and Stratmat Deposits to the southeast”. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: investors.ninemilemetals@gmail.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES APPOINTMENT OF NEW CFO, FINANCIAL SERVICES TEAM, AND BOARD CHANGES
Vancouver, B.C., Tuesday, February 18th, 2025 – NINE MILE METALS LTD. (CSE: NINE, OTC PINK: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce several key management, board, and financial services appointments: Mr. Jimmy Jeon, CPA, has been appointed as Chief Financial Officer (CFO), effective February 10th, 2025. Mr. Brett Wallace, LLB, has been appointed to the Board of Directors, effective February 17th, 2025. Marrelli Support Services Inc. (“MSSI”) has been engaged to provide full corporate financial services support. Mr. James Bordian has resigned as CFO and Director, effective February 7th, 2025. Mr. Charles Malette has resigned as President, Director, and Corporate Secretary, effective February 14th, 2025. Mr. Terry Fields has resigned as Director, effective February 13th, 2025. Jimmy Jeon, CPA – Chief Financial Officer Nine Mile Metals is pleased to welcome Mr. Jimmy Jeon, CPA, as its new Chief Financial Officer. Mr. Jeon holds a Bachelor of Business Administration from Wilfrid Laurier University and brings extensive expertise in accounting, regulatory compliance, and financial management. He has provided CFO and advisory services to multiple public companies as part of the MSSI team in Toronto. Over the past month, Mr. Jeon has been actively leading the transition of Nine Mile Metals’ financial management to MSSI, ensuring a seamless integration of corporate financial services. Brett Wallace, LLB – Board of Directors The Company is also pleased to appoint Mr. Brett Wallace to the Board of Directors. Mr. Wallace is an experienced geoscientist, lawyer, and corporate executive with over 20 years of expertise spanning greenfields exploration to mining operations across various commodities, including copper, gold, nickel, iron ore, and VMS deposits. With a legal specialization in corporate, major projects, and mining law, Mr. Wallace has worked on large-scale mining infrastructure projects in the oil, gas, and mining sectors. His experience includes roles at DLA Piper and as in-house legal counsel for ASX-listed companies, as well as directorships and consulting roles for publicly traded resource companies. He is a member of the Australian Institute of Mining and Metallurgy and an Associate Member of the Australian Institute of Geoscientists. Mr. Wallace has significant knowledge of the Bathurst Mining Camp, and the Company looks forward to his visit to its projects in the coming months. Marrelli Support Services Inc. – Corporate Financial Services Nine Mile Metals is also pleased to engage Marrelli Support Services Inc. (“MSSI”), a leading provider of comprehensive financial support services to publicly traded companies. MSSI specializes in financial reporting, cash management, shareholder communications, warrant and rights management, stock transfer, regulatory compliance, and minute book custodianship. Their extensive experience across TSX, TSXV, and CSE-listed companies will allow Nine Mile Metals to enhance operational efficiency and streamline financial processes. “We are pleased to welcome Brett Wallace, Jimmy Jeon, and MSSI to the Nine Mile Metals team,” commented Patrick J. Cruickshank, MBA, CEO & Director. “This transition strengthens our management structure and streamlines financial operations with MSSI’s full-service support in Toronto and Vancouver. By consolidating four advisory financial relationships into one, we are enhancing efficiency, reducing redundancies, and optimizing economies of scale. These changes position Nine Mile for a highly productive 2025 drill program, and we look forward to working closely with Mr. Jeon and Mr. Wallace as we execute our corporate strategy.” Gary Lohman, Director, P. Geo., VP Exploration further shared, “I would like to welcome Brett Wallace to Nine Mile Metals, and I look forward to working with him on advancing our extensive land package in 2025. As an experienced geoscientist with a strong background in the Bathurst Mining Camp, Brett’s experience adds additional technical expertise to the team as we plan our technical programs for 2025.” About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: investors.ninemilemetals@gmail.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Nine Mile Metals Closes First Tranche of Private Placement Financing
Vancouver, BC, – February 4th, 2025 – NINE MILE METALS LTD- (CSE:NINE, OTC PINK::VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has completed a first tranche private placement financing for cash proceeds of $25,000 and bona fide debt conversion of $231,150 (the “Private Placement”). The Company issued 12,197,619 units at a price of $0.021 each. Each unit consists of one common share and one common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.05 per Common Share for a period of 5 years from the date of issuance. The common shares and Warrants issued in the Private Placement are subject to a four month and a day hold period. There were no commissions paid. A director and officer of the Company purchased 1,190,476 Units ($25,000) in cash and 1,369,048 Units ($28,750) in the debt conversion converted under the Offering. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation. The Company intends to use the cash proceeds of the Private Placement for general working capital. 11,007,143 units were for the settlement of Convertible Loans that were due on December 14, 2024, and applicable interest thereon, for a combined total of principal and accrued interest of $231,150. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. Charles MaLette President and Director T: 604-428-5171 E: bud@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Nine Mile Metals Announces Private Placement
Vancouver, B.C., Tuesday, January 21, 2025 – NINE MILE METALS LTD. (CSE: NINE, OTC PINK: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces its intention to complete a private placement of up to 18,507,143 units (each a “Unit”) at a price of $0.021 per Unit. Each Unit will be comprised of one common share (a “Common Share”) and one Common Share purchase warrant (a “Warrant“), with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of $0.05 per Common Share for a period of 5 years from the date of issuance (the “Private Placement.”) Up to 7,500,000 of the Units may be sold for cash proceeds of up to $157,500. The Company intends to use the cash proceeds for operating expenses, including legal and audit fees and general working capital. As per the CSE policies, none of the funds raised in the Private Placement will be used for management fees current or owed. In consideration for their services in introducing subscribers to the Company under cash portion of the Private Placement, finders may receive commission of 7% cash and 7% common share purchase warrants, exercisable to purchase one common share at a price of $0.05 for a period of 5 years. The Company also intends to issue 11,007,143 Units for the settlement of Convertible Loans that were due on December 14, 2024, and applicable interest thereon, for a combined total of principal and accrued interest of $231,150. The issuance of Common Shares will not result in a new insider or control person. The Common Shares, and any Common Shares to be issued on exercise of the Warrants, are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the Units. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 604-428-5171 E: bud@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS OPTION AGREEMENT EXTENDED
Vancouver, B.C., Friday, January 17, 2025 – NINE MILE METALS LTD. (CSE: NINE, OTC PINK: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) has signed an Amending Agreement (the “Agreement”) with Fiddlehead Mining Corp. (“Fiddlehead”) on the Nine Mile Brook Property Option Agreement (the “Option”). To maintain the Option, the Company is required to pay $50,000 on the third anniversary of the Option (the “3rd Anniversary Payment”), and to spend a minimum of $150,000 per year on expenditures (the “Expenditures”) on the mineral properties covered by the Option. The Company and Fiddlehead agreed to extend the time for the Company to make the 3rd Anniversary Payment and the Expenditures to March 28, 2025. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: 604-428-5171 E: bud@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) our Geophysics Program will turn its focus next to the Nine Mile Brook Project and our Eastern Portfolio, (b) both Plates A and C are large, massive, strong conductors, having both the length and depth parameters for a potentially large, mineralized body consistent with example deposits throughout the BMC, and (c) we look forward to announcing our Phase 2 Advanced Geophysics results, including full interpretations and high priority targets for our Western Portfolio. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES (7) NEW HIGH PRIORITY TDEM VMS DRILL TARGETS AT THE WEST WEDGE AND TRIBAG ZONES
Vancouver, B.C., Monday, January 6th, 2025 – NINE MILE METALS LTD. (CSE: NINE, OTC PINK: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to provide an update on its Wedge Time Domain Electromagnetic Survey conducted by EarthEx Geophysical Solutions Inc. (EEX) over the Tribag and West Wedge VMS Zone Areas. Previously in 2022, EEX had reprocessed the legacy MegaTEM and Aerodat airborne data, the late time conductance defining a total of (11) Priority VMS Trends in the company’s Western Portfolio. Priority target 1 overlies the Wedge Mine and while priority target 2 is an extension of 1. Approximately 3.0 kilometers northwest of the Wedge Mine are priority Targets 3 and 4 which directly correspond to the Tribag (Pb / Zn) and West Wedge (Cu – Pb – Zn) VMS mineral occurrences while target 7 is approximately 6 kilometers northwest of the Wedge along the same (Wedge VMS Trend). The overall extent of the Wedge VMS Trend is approximately 6.5 kilometers. Two lines were also surveyed over Target 6 north of the Wedge and near the southern terminus of the California Lake East VMS Trend (Target 8) drilled in 2022 (Figure 1) where 8 drill holes confirmed VMS mineralization with drill intersections up to 19m in width. Figure 1: BMC Western Portfolio Projects Gary Lohman, Director, P.Geo., VP Exploration stated, “The size, extent and location of the target plates is very encouraging especially since mineralization is already present above these target plates at Tribag in both drill hole and at surface. With only a third of the extensive Wedge VMS trend surveyed, the team looks forward to not only drilling these priority targets, but also working along the trend to infill the gap between the Wedge mine area, Tribag and further north towards Target 7 in 2025.” Figure 2: Wedge TDEM Survey Grid over Remanent Magnetic Intensity (RMI), covering Targets areas (3-4-6-7) A total of 17.4-line kilometers of Time Domain Electromagnetics (TDEM) were surveyed by EEX, the “Maxwell Plate” modeled results of the strong conductors defining an outstanding cluster of 7 individual targets associated with the Tribag and West Wedge VMS mineral occurrences. The modeled plates are along the same magnetic trend as the historic Wedge Mine. At the Tribag, (Figure 1: Target 4) mineralization occurs both, in previous shallow drill holes and at surface, a grab sample from trench LF17-11 returning 12.6% Zn, 7.22% Pb and 0.53% Cu. At the West Wedge, (Figure 1: Target 3) drilling conducted in the 1980’s report assays up to 0.78% Cu, 5.35% Pb, 12.9% Zn, 70.62 g/tonne Ag and 1.37 g/tonne Au over 3.75 m (12.3 ft) drill width. A total of 7 individual target plates were modeled from the TDEM data with 6 (B1, C1, C2, C3, C4 and D1) shown on Figure 3. Plate A1 is large and at depth, its size suggests a regional, stratigraphic, or structural feature (Figure 4). That has yet to be determined. As shown on Figures 3 and 4, there are 7 modeled target plates clustered adjacent to the Tribag – West Wedge VMS occurrences, and except for A1, all are at modest depths (300-450m) . Another striking feature is their size relative to the mineralized plates defined at the Wedge. These correlate positively with the entire Late Time Conductor Axis Analysis, including the Wedge Mine itself. Figure 3: Plan View, Mineral Occurrences, Survey Grid and Modeled Target Plates over the RMI. Figure 4: Looking West, Target Plates (A1, B1, C1, C2, C3, C4 and D1.) Patrick J Cruickshank, CEO & Director stated “we are very excited with the analytical deliverables from EarthEX on the important Wedge Trend in our western portfolio. The fact that the previously identified strong late-time conductor axis correlates perfectly with the TDEM Survey results and has identified 7 Maxwell Plate targets is outstanding. Many of the VMS deposits identified in the BMC occur in clusters. A perfect example mentioned previously are the HalfMile, Stratmat & Heath Steele deposits. The fact that there is VMS mineralization in previous work above these deeper targets is also very encouraging. These targets will be a Spring 2025 priority drill program as soon as access is possible. Included in that designed program will be additional drill holes in the western Wedge Mine area, testing the deeper, unmined portions of the known deposit and additional new untested western extension areas identified. This project is still a highly valued priority for Nine Mile especially on the heels of our highly successful eastern extension confirmation where drill hole WD-24-02 intersected three mineralized zones spanning from 36.74m to 173.05m. This 136.31m width assayed 0.44% Cu, 0.07% Pb, 0.54% Zn, 0.06 g/t Au and 3.52 g/t Ag. We look forward to updating our recently completed California Lake South Drill Hole with its BHEM Survey and our Nine Mile Brook Project Bulk Sample update.” The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information