Fokus Mining Corporation: A Successful $1.875 Million Private Placement

Fokus Mining Corporation, a mineral resource company actively exploring precious metal deposits in Quebec, Canada, has successfully closed a $1.875 million private placement. This upsized offering, initially announced on September 12, 2024, was increased due to strong market demand. The Company issued approximately $875,000 in Units at $0.05 per Unit and $1,000,000 in FT Units at $0.08 per FT Unit. Each Unit consists of one Common Share and one Warrant, while each FT Unit consists of one FT Share and one Warrant. The Warrants entitle holders to acquire one Common Share at $0.08 per share for a period of three years.

The Galloway Gold Project, a 100% owned asset of Fokus Mining, played a significant role in attracting investors. Strategically located near one of the most prolific gold faults in the world, the project covers an area of 2,865.54 hectares and is located just north of the Cadillac-Larder Lake deformation. The Company has delineated a NI 43-101 inferred resource of 1.419 million ounces of gold at a price of US$1,750 per ounce on the project.

The proceeds from the private placement will be used to fund exploration activities, infrastructure development, and operational expenses. The Company will prioritize exploration in the western portion of the mineral claims, where several mineral occurrences have been identified. The funds will also be allocated to update the Company's NI 43-101 Technical Report and Mineral Resource Estimate for the Galloway Project.

Fokus Mining Corporation's strategic location, strong resource estimates, and exploration activities have contributed to the success of the private placement. The Company's focus on unlocking the secret of the Galloway gold project has attracted investors, who have shown strong demand for the Company's securities. The raised funds will enable the Company to continue its exploration activities and invest in its future growth and development.