Murchison Minerals Launches Private Placement to Fund Exploration Projects

Murchison Minerals Ltd. (TSXV:MUR) has announced a non-brokered private placement aiming to raise up to $737,500, pending regulatory approval. The raised funds will support the 2025 exploration activities at its BMK Zn-Cu-Ag project in Saskatchewan and its HPM nickel-copper-cobalt property in Quebec.

The offering includes the issuance of 12,500,000 Hard Dollar units at $0.015 each, 5,000,000 Quebec flow-through units at $0.02 each, and 22,500,000 National flow-through units at $0.02 each. The proceeds will provide vital capital for exploration and operations.

A potential finder's fee of 7% in cash and warrants may apply. Director Donald K. Johnson is expected to participate in the placement to maintain his ownership at about 31%. This transaction will qualify as a related party transaction but will be exempt from certain regulatory requirements.