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Sixty North Gold Mining Ltd. (CSE: SXTY,OTC:SXNTF) (FSE: 2F40) (OTC Pink: SXNTF) (the “Firm” or “Sixty North Gold”) is happy to report that additional to its information releases of October 14, 2025, and October 22, 2025, the Firm has now closed its second and last tranche of 833,333 items for gross proceeds of $50,000. Complete gross proceeds from each tranches of the providing was $307,100.
Every $0.06 Unit is comprised of 1 Share and one-half of 1 frequent share buy warrant of the Firm (every entire warrant, a “Warrant“). Every Warrant might be exercisable to buy one Share at a worth of $0.10 for a interval of twelve (12) months from the Closing Date, offered that if the closing market worth for the Issuer’s frequent shares on the Change is bigger than $0.15 per share for a interval of ten (10) consecutive buying and selling days, then the Firm might ship a discover (the “Discover“) to the Purchaser notifying such Purchaser that the Warrants should be exercised inside thirty (30) days from the date of supply of such Discover, in any other case the Warrants will expire at 4:00 p.m. (Vancouver time) on the thirty-first (thirty first) day after the date of supply of the Discover.
The securities for the Providing will bear a legend proscribing resale till February 25, 2026. No finder’s charges have been paid on this portion of the providing.
The online proceeds from the Providing might be used for additional exploration and improvement of the Mon Gold Property situated in NWT, and for the Firm’s normal working capital necessities.
Concerning the Firm
Sixty North Gold is creating mining operations for gold on its 100-per-cent-owned Mon Gold Undertaking, which extracted 15,000 tonnes of ore to depths of solely 15 metres under floor, recovering an estimated 15,000 ounces of gold within the Nineteen Nineties (Firm Technical Report NI 43-101, August 3, 2023 on SEDAR or https://sixtynorthgold.com/tasks/technical-report/. The North Ramp has been reopened and has been prolonged to the goal portion of the vein. The corporate plans to develop stopes within the East Limb, West Limb and DD Zone to extract and to feed a 100 tpd gravity-flotation mill.
Further gold, silver and base metallic targets happen on the property and might be explored and developed as warranted.
The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or higher (Discovery Mine with a million ounces of gold produced, and Sixty North Gold’s Mon Mine), and two that averaged 15 gpt or higher for a complete manufacturing of over 14 million ounces of gold (Con Mine and Big Mine); (ref. Firm Technical Report NI 43-101, August 3, 2023).
The technical content material of this launch has been reviewed and accredited by Dr. D.R. Webb, P.Geol, President and CEO of Sixty North Gold Mines Ltd.
For extra data, please check with the Firm’s public filings obtainable on SEDAR (www.sedarplus.ca), beneath the Firm’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dave Webb”
Dave Webb, President & CEO
Statements in regards to the Firm’s future expectations and all different statements on this press launch aside from historic details are “ahead wanting statements”. Such forward-looking statements are based mostly on quite a few assumptions, and contain identified and unknown dangers, uncertainties and different components, together with dangers inherent in mineral exploration and improvement, which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially completely different from any projected future outcomes, efficiency, or achievements expressed or implied by such forward-looking statements. Additional particulars in regards to the dangers relevant to the Firm are contained within the Firm’s public filings obtainable on SEDAR (www.sedarplus.ca), beneath the Firm’s profile.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/271920
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