Nuinsco Resources Announces Private Placement for Prairie Lake Project
Toronto, November 7, 2025 — Leads & Copy — Nuinsco Resources Limited (CSE: NWI) announced a non-brokered private placement to potentially issue up to 100,000,000 flow-through common shares and/or common shares, depending on investor demand, at a price of $0.005 per share.
The private placement is expected to close around December 4, 2025.
Proceeds from the sale of flow-through shares will fund work on the Prairie Lake critical minerals project near Terrace Bay, Ont. Proceeds from the sale of common shares will be used for general corporate purposes.
Prairie Lake is Nuinsco’s primary focus, a critical minerals asset with a phosphate – rare earth element (REE) mineral resource estimate (MRE) of nearly 900 million tonnes (15.6 million tonne indicated and 871.8 million tonne inferred, using a 2% P2O5 cut-off grade). August 13, 2024, reporting identified a domain comprising 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, with a coincident increase in REE co-concentrate grade, using an increased 5% P2O5 cut-off grade.
Nuinsco believes this higher-grade critical mineral domain, combined with technical, logistical, geographic, and strategic factors, could be significant for Prairie Lake’s development.
Metallurgical studies show a clean phosphate concentrate, containing valuable REE co-concentrate, can be reliably produced from Prairie Lake rock. Niobium co-product potential is also under investigation.
Elements found at Prairie Lake are essential in transportation, power distribution and storage, steel fabrication, green technologies, and agriculture. The project has logistical advantages, including access to:
- Nearby communities with a skilled workforce.
- An all-weather forest access road.
- Paved Highways 17 and 11.
- 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) plus ports at Thunder Bay and Sault Ste. Marie.
- The Marathon airport.
A full description of the methodology used to estimate the Prairie Lake project Mineral Resource Estimate is contained in the NI 43-101 compliant Technical Report, with an effective date of 31 May 2022, prepared by P&E Mining Consultants Inc. that is filed on SEDAR.
Laura Giroux, P.Geo, Nuinsco’s Chief Geologist and Qualified Person under National Instrument 43-101, has reviewed and approved the technical content of this release.
Nuinsco Resources has over 50 years of exploration success and focuses on growth-oriented, multi-commodity mineral exploration and development opportunities in Canada and internationally. The Company has the Prairie Lake Project, the Zig Zag Lake Property (optioned to First Class Metals PLC), and the el Sid near-term gold project in Egypt and retains a NSR royalty on the Sunbeam Gold Property.
Paul Jones, CEO
Sean Stokes, Executive VP
Cathy Hume, Consultant, cathy@chfir.com, 416-868-1079
Source: Nuinsco Resources Limited
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