Karus Mining Inc. closes brokered financing for gross proceeds of $7.5 million

Counsel to Stifel Nicolaus Canada Inc., as sole underwriter and bookrunner, in connection with Karus Mining’s $7.5 million best efforts private placement.

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Team Members

On January 28, 2026, Karus Mining Inc. (“Karus”) completed a “best efforts” private placement of units led by Stifel Nicolaus Canada Inc. (“Stifel”) as sole underwriter and bookrunner for total gross proceeds of C$7,553,613. Karus issued 8,886,604 units (the “Units”), at an offering price of $0.85 per Unit, which includes a partial exercise of the Agent’s option.

Karus is a mineral exploration company focused on its South Cariboo and Mineral Creek gold projects in British Columbia.

Stifel is an investment banking firm which provides advisory and underwriting, institutional sales and trading, and equity research services to corporate clients and institutional investors.

Miller Thomson acted for Stifel with a team comprised of Lawrence Wilder, Adam Kline, Ian Polisuk, Calvin Wang (Capital Markets/Securities), Abby Sasitharan and Ravalika Palle (Articling Students).