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  • Nine Mile winds up capital raise
  • 09 October 2025
WRITTEN BY Aaliyah Rogan

Nine Mile winds up capital raise

Nine Mile Metals (CSE:NINE) has closed an oversubscribed non-flow-through private placement financing, raising C$182,132 ($198,038), for general and administrative obligations. 

Under the placement, 12.14 million units were issued at C$0.015 per unit. 

Each unit comprises one common share and half of a share purchase warrant, exercisable at $0.05 for a 36-month period. 

Nine Mile Metals is a Canadian mineral explorer focused on critical minerals and volcanogenic massive sulphide (VMS) discoveries. 

The company’s primary business objective is to explore its four VMS projects named the Nine Mile Brook, California Lake, Canoe Landing Lake (East West) and Wedge VMS projects.

Write to Aaliyah Rogan at Mining.com.au   

Images: Nine Mile Metals
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Written By Aaliyah Rogan
Now based in London as Mining.com.au’s Europe Correspondent, Aaliyah brings years of dedicated reporting mining news. Relocating from New Zealand to Australia before making the leap to the UK, she's built a reputation for sharp storytelling and a genuine passion for the resources industry. When she’s not chasing the latest developments across Europe, Aaliyah can be found exploring new cities, enjoying good food with friends, or unwinding by the water.

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