Muzhu Mining Closes Second Tranche of Offering
Vancouver, British Columbia — December 23, 2025 — Leads & Copy — Muzhu Mining Ltd. (CSE: MUZU) (OTCPK: MUZU.F) (FSE:Y33) has completed the second tranche of its non-brokered offering, raising gross proceeds of $250,000 through the issuance of 3,125,000 flow-through units (FT Units) at $0.08 each.
The company has raised a total of $500,000 in FT Units from the initial and second tranches of the offering. The overall offering aims to raise up to $1,000,000 through a combination of units and flow-through units.
Up to $500,000 will be raised through the sale of units at $0.06 per unit. Each unit comprises one common share and one common share purchase warrant. An additional $500,000 is targeted through the sale of flow-through units at $0.08 per unit, with each FT Unit including one common share qualifying as a “flow-through share” under the Income Tax Act (Canada) and one warrant.
Each warrant allows the holder to purchase one common share at $0.10, exercisable for up to 24 months after the offering’s closing.
The proceeds from the unit sales will finance the initial option payment for the Everett titanium property in Quebec, along with working capital and general corporate expenses. The proceeds from the FT Units will fund surface exploration, metallurgical testing, and verification of historical exploration at the Everett Property. Diamond drilling is planned for selected locations in the northern part of the Everett oxide body, pending permitting.
The entire gross proceeds from the sale of FT Units will be used for Canadian Exploration Expenses (CEE) and will qualify as “flow-through critical mineral mining expenditures” under the Tax Act. These expenditures are planned to be incurred by December 31, 2026, and renounced by December 31, 2025, to the initial purchasers of FT Units. Muzhu Mining Ltd. will indemnify FT Unit subscribers for any additional taxes resulting from the company’s failure to fully renounce the qualifying expenditures.
The final tranche of the offering is expected to close in January 2026, subject to regulatory approvals, including that of the Canadian Securities Exchange.
In connection with the second tranche, the Company paid an aggregate of $10,000 in finder’s fees and issued 125,000 finder’s warrants to certain finders. Each Finder’s Warrant entitles the holder thereof to purchase one Unit at an exercise price of $0.06 for a period of 24 months following its date of issuance. All securities issued under the offering will be subject to a four-month hold period from the closing date. The offering and payment of finders’ fees are subject to Exchange approval.
Dwayne Yaretz, CEO of Muzhu Mining Ltd., is the contact for further information. He can be reached at 778-709-3398 or via email at info@muzhumining.ca.
Muzhu Mining Ltd. is focused on advancing the Everett titanium deposit in Quebec. The company also holds a 100% interest in the Sleeping Giant South project in the Abitibi greenstone belt, and is assessing option agreements for silver, zinc, and lead properties in Henan province, China.
Dwayne Yaretz, CEO
Phone: 778-709-3398
Email: info@muzhumining.ca
Source: Muzhu Mining Ltd.
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