55 North Mining Inc. Announces New Flow-Through Financing Initiative

55 North Mining Inc. has unveiled plans for a non-brokered flow-through private placement, targeting approximately $1.189 million in gross proceeds. Scheduled to close around February 26, 2026, the initiative involves issuing 1,596,000 flow-through common shares at $0.745 each. These shares promise tax benefits under Canada's Income Tax Act. Notably, the private placement won't include warrants, and all securities will have a four-month hold period.

Funds from this initiative will support eligible Canadian exploration expenses related to the Last Hope Gold Project, located in Manitoba. The project is already underway with active exploration drilling. 55 North Mining will provide a detailed update in a future release.