Québec Nickel Closes $500,000 Private Placement to Fuel Exploration and Strategic Initiatives
Québec Nickel Corp. (OTCQB: QNICF), a mineral exploration company focused on critical metals, announced the successful closing of a non-brokered private placement on January 16, 2026. The offering raised $500,000 in gross proceeds through the issuance of 4,000,000 units at a price of $0.125 per unit. This capital infusion is earmarked for general working capital, to advance the company’s exploration activities, and to evaluate strategic opportunities within the critical metals sector, particularly Au-Ni-Cu-Co-PGE projects in North America.
Each unit comprises one common share and one-half of a common share purchase warrant. The whole warrants are exercisable at $0.225 per share for a period of two years from the date of issuance, providing potential future capital and a mechanism for warrant holders to increase their stake in the company should its share price appreciate.
The private placement was initially announced on December 17, 2025, and was fully allocated by December 29, 2025, indicating strong investor interest. The securities were issued under applicable prospectus exemptions, including exemptions for family, friends, business associates, accredited investors, and existing security holders.
In connection with the offering, the Company paid aggregate cash finder’s fees totaling $4,590. Importantly, no securities were issued as finder’s compensation, which avoids immediate dilution and potential future selling pressure from finders.
All securities issued in this private placement are subject to a statutory hold period, which expires four months and one day from the date of issuance. This standard regulatory measure ensures a period of stability for the newly issued shares. The offering’s finalization is also contingent on the acceptance of the Canadian Securities Exchange (CSE).
This funding round comes at a critical juncture for Québec Nickel as it aims to expand its exploration efforts. The company’s strategic focus on critical metals aligns with the growing global demand for materials essential to the green energy transition and advanced technologies. The successful placement of units and warrants suggests confidence from investors in the company’s project pipeline and management’s strategy.
Looking ahead, the successful deployment of these funds will be closely watched. Advancing exploration activities can involve geological surveys, drilling programs, and resource definition, all of which require significant capital. Furthermore, the evaluation of strategic opportunities could range from acquisitions to joint ventures, potentially accelerating the company’s growth trajectory. The market will be assessing how effectively Québec Nickel translates this capital into tangible progress and demonstrable value creation in its North American critical metals projects.
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