LAURION Mineral Exploration Inc. Closes First Tranche of Private Placement for Approximately $930,006
TORONTO, ONTARIO — June 12, 2026 — Leads & Copy — LAURION Mineral Exploration Inc. has successfully closed the initial phase of its non-brokered private placement, raising approximately $930,006 through the issuance of flow-through units (FT Units) and non-flow-through common shares (Non-FT Shares). The Corporation issued 3,576,946 FT Units at $0.26 per unit.
Each FT Unit includes one common share and one common share purchase warrant. These warrants grant the holder the right to purchase a Non-FT Share at $0.35 for a period of 24 months. The FT Shares and Warrants meet the definition of “flow-through shares” under the Canadian Income Tax Act.
Proceeds from this private placement are designated for Canadian exploration expenses, which will qualify as “flow-through mining expenditures” upon renouncement. These expenditures will be renounced with an effective date no later than December 31, 2026, provided the subscriber deals at arm’s length with LAURION. The company plans to allocate these funds to its 2026 drill program at the Ishkõday property.
Cynthia Le Sueur-Aquin, President and CEO of LAURION and its largest shareholder, stated, “As LAURION’s largest shareholder, I believe that closing this financing reflects the continued confidence of our investor community in our technical program and capital discipline. With drill crews on the ground at Ishkōday, every dollar raised goes directly toward building the geological value that our investors and I are equally committed to advancing.”
In connection with this first tranche, arm’s-length finders received $61,600.43 in cash commissions and 236,922 finder’s warrants. Each finder’s warrant allows the holder to purchase one Non-FT Share at $0.26 for 24 months.
All securities issued in this tranche are subject to a four-month-and-one-day hold period, expiring on October 13, 2026. The closing of the second tranche of the private placement is expected around June 18, 2026, with the potential to raise up to approximately $1.0 million in FT Units and Non-FT Shares. The private placement requires final approval from the TSX Venture Exchange (TSXV).
LAURION Mineral Exploration Inc. is a mid-stage Canadian mineral exploration company focused on the 100%-owned Ishkōday Gold & Polymetallic Project in Northern Ontario. The project spans approximately 57 km² across the Beardmore–Geraldton and Onaman–Tashota Greenstone Belts, featuring a mineralized corridor exceeding six kilometres. Historical and recent exploration has included over 98,000 metres of drilling, confirming a significant gold-rich polymetallic mineral system.
The company’s strategy involves disciplined, data-driven exploration, systematic technical advancement, integrated geological modelling, and responsible capital allocation. LAURION aims to enhance geological confidence, expand the mineral system, and prepare for a future NI 43-101 Mineral Resource Estimate (MRE). The Corporation is also evaluating opportunities to improve project development flexibility, including potential non-dilutive initiatives like assessing historical surface stockpile processing. The objective is to establish technical clarity, scale, and long-term value before monetization, ensuring future decisions are supported by robust geological foundations and reduced execution risk.
Cynthia Le Sueur-Aquin, President and CEO, is LAURION’s largest shareholder with 17,221,306 common shares, demonstrating strong alignment with shareholders.
Source: LAURION Mineral Exploration Inc.
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