Laurion Mineral Exploration Inc. Closes Private Placement of Flow-Through Units for $1.52 Million

Led by

Jonathan Tong

Partner

Toronto

Team Members

• Kathryn Walker
• Anca Nitu

On December 22, 2025, Laurion Mineral Exploration Inc. (TSXV: LME)(“Laurion”) completed a non-brokered private placement, pursuant to which Laurion issued an aggregate of 4,619,130 flow-through units (the “FT Units”) at a subscription price of $0.33 per unit for aggregate gross proceeds of $1.52 million.

Each FT Unit consists of one common share of Laurion (each, a “FT Share”) and one-half of one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to acquire one non flow-through common share of Laurion at a price of $0.39 per share for a period of 24 months from the date of issuance. The FT Shares and the Warrants comprising the FT Units qualify as “flow-through shares”, as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds of the financing will be used for “Canadian exploration expenses” (within the meaning of the Tax Act), which will qualify, once renounced, as “flow-through mining expenditures”, as defined in the Tax Act, which will be renounced with an effective date of no later than December 31, 2025.

Laurion is a junior mineral exploration and development company listed on the TSX Venture Exchange. Its chief emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km² Ishkõday Project, and its gold-rich polymetallic mineralization.

Miller Thomson advised Laurion with a team led by Jonathan Tong (Capital Markets & Securities, Mining) and comprised of Kathryn Walker (Tax), Anca Nitu (Paraprofessional) and Kobi Rosoph (Articling Student).