Quebec Nickel closes $500,000 private placement financing

Quebec Nickel Corp. (CSE: QNI) (FSE: 7lB) (OTCQB: QNICF) completed a non-brokered private placement raising $500,000 in gross proceeds, according to a company statement.

The mineral exploration company issued 4 million units at $0.125 per unit. Each unit includes one common share and one-half of a common share purchase warrant. The warrants allow holders to buy additional shares at $0.225 each within two years of issuance.

The company initially announced the offering on December 17, 2025, and reported it as fully allocated on December 29, 2025. Units were sold under prospectus exemptions including family and friends, accredited investor, and existing security holder exemptions under applicable Canadian securities laws.

Quebec Nickel paid $4,590 in cash finder's fees related to the placement, in accordance with Canadian Securities Exchange policies. No securities were issued as finder's compensation.

The net proceeds will fund general working capital, exploration activities, and evaluation of strategic opportunities, the company stated. All securities issued carry a four-month-plus-one-day statutory hold period under Canadian securities laws.

The offering remains subject to final acceptance by the Canadian Securities Exchange. Quebec Nickel focuses on exploring critical metals projects including gold, nickel, copper, cobalt, and platinum group elements in North America.

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