Auric Minerals Bolsters Capital Structure with Convertible Debenture Financing, Raises $429,021 from Warrant Exercise

Auric Minerals Corp. (CSE: AUMC) has announced a strategic move to strengthen its capital structure and fund its growth initiatives by closing a non-brokered financing of convertible debenture units for up to $1,000,000. The company has successfully raised $429,021 from the exercise of warrants, demonstrating strong investor support for its vision and prospects. This financing will enable Auric Minerals to advance its exploration efforts and evaluate potential acquisitions, positioning the company for significant growth in the uranium sector.

The convertible debenture units consist of $1,000 debentures and 1,000 warrants exercisable at $1.25 per share. The debentures have a two-year term, are convertible at $0.95 per share, and pay interest of 8% semi-annually in cash or shares (based on 10-day VWAP) at the election of the Company. This financing allows Auric Minerals to access additional capital while providing investors with an attractive return and the opportunity to participate in the company's growth.

Auric Minerals intends to use the proceeds from the financing for exploration and technical work on its properties, evaluation and potential acquisition of additional strategic assets, general claim maintenance, corporate, and working capital purposes. This funding will enable the company to accelerate its exploration efforts in Labrador's Central Mineral Belt, potentially leading to significant discoveries and value creation for shareholders.

The global nuclear energy resurgence, driven by a push for net-zero emissions and onshoring uranium supply, amplifies the potential for significant returns from Auric Minerals' expanded exploration efforts. By securing this additional capital, Auric Minerals is well-positioned to execute its growth strategy and unlock the region's untapped potential.

In conclusion, Auric Minerals' convertible debenture financing and the subsequent raise of $429,021 from warrant exercise strengthen the company's capital structure and provide the necessary funding to advance its exploration efforts and evaluate potential acquisitions. This strategic move positions Auric Minerals for significant growth in the uranium sector, as the company continues to capitalize on the growing demand for clean energy and the untapped potential of Labrador's Central Mineral Belt.