NorthIsle announces C$30 million private placement financing

NorthIsle Copper and Gold Inc. (TSXV: NCX, OTCQX: NTCPF) announced it has entered into an agreement for a private placement financing to raise up to C$30 million through two separate offerings.

The company will conduct a brokered offering for up to C$25 million, consisting of up to 9.34 million flow-through shares at C$1.61 per share and up to 9.53 million common shares at C$1.05 per share. Paradigm Capital Inc. serves as lead agent and sole bookrunner for the syndicate of agents.

The agents have been granted an option to sell additional shares for up to C$3.75 million in additional proceeds, exercisable up to 48 hours prior to closing.

Concurrent with the brokered offering, NorthIsle will conduct a non-brokered private placement of 4.76 million common shares at C$1.05 per share to raise up to C$5 million. Wheaton Precious Metals Corp. has indicated its intention to participate in the non-brokered offering, subject to entering into a right of first refusal agreement and other conditions.

The company stated it will use proceeds from the flow-through shares to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures. These expenditures must be incurred by December 31, 2026, and will be renounced to flow-through share subscribers by December 31, 2025. Proceeds from the common shares will be used for general corporate and working capital purposes.

Closing is expected to occur on or about August 8, 2025, subject to regulatory approval including approval from the TSX Venture Exchange. The shares will be offered to Canadian residents except Quebec under the listed issuer financing exemption.

NorthIsle owns the North Island Project, a copper and gold porphyry deposit located near Port Hardy, British Columbia. The project sits on more than 34,000 hectares of mineral titles owned by the company.

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