Tartisan Nickel Corp. Conducts TargetEM26 Survey over Turtle Pond Block of Claims, Closes $500,000 Financing at $0.18 per Unit with a Twelve-Month Escrow Period

Rhea-AI Summary

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) has completed a 149-line kilometer TargetEM26 Airborne Geophysical Survey at its Turtle Pond Knight Danger Project, located 35 kilometers west of Dryden airport, Ontario. The survey, conducted with 200-meter spaced lines, covered approximately 22 square kilometers. A final report detailing data acquisition, processing, and interpretation is pending.

The company has also successfully closed a $500,000 unit financing with a twelve-month escrow period. The financing terms include:

• 2,777,778 shares issued at $0.18 per unit
• Each unit includes one common share and half purchase warrant
• Full warrants enable purchase of additional common share at $0.40 for 24 months
• Twelve-month escrow period for common shares
• No agent commissions paid

The funds will primarily support exploration and development of the company's flagship Kenbridge Nickel Project in the Atikwa Lake Area, Kenora Mining District, Ontario.

Toronto, Ontario--(Newsfile Corp. - January 2, 2025) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to announce that the Company has conducted a 149-line kilometer TargetEM26 Airborne Geophysical Survey over its Turtle Pond Knight Danger Project, located approximately 35 kilometers west of Dryden airport, Kenora Mining District, Ontario. The survey was conducted with 200-meter spaced lines and covered approximately 22 square kilometers. A final report is pending and will provide information about the acquisition, processing and presentation of the data, discussion of the survey results and interpretation of the data. Tartisan will update shareholders with the results and discuss the next steps for the Turtle Pond Project.

Additionally, the Company reports that it has closed a $500,000.00 unit financing with a twelve-month escrow period. 2,777,778 shares of the Company have been issued at the price of $0.18 per unit for an aggregate subscription price of $500,000. Each unit consists of one common share and 0ne half purchase warrant. Each full warrant allows the unit holder to acquire an additional common share at $0.40 for twenty-four months from the date of closing. The common shares are subject to a twelve ("12") month escrow period from the Closing date. No commissions were paid to any agents.

The proceeds from the financing are primarily being used to fund the exploration and development of the Company's flagship Kenbridge Nickel Project, Atikwa Lake Area, Kenora Mining District, Ontario.

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian based mineral exploration and development company which owns; the Kenbridge Nickel Project in northwestern Ontario; the Sill Lake Silver Property in Sault Ste. Marie, Ontario as well as the Turtle Pond Knight Danger Project in northwestern Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA). Currently, there are 131,496,782 shares outstanding (136,496,782 fully diluted).

For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235878

FAQ

What are the key findings of TTSRF's TargetEM26 survey at Turtle Pond in January 2025?

The survey results are pending. The 149-line kilometer airborne geophysical survey covered 22 square kilometers with 200-meter spaced lines. A final report will detail the data acquisition, processing, and interpretation.

What are the terms of TTSRF's January 2025 $500,000 financing round?

The financing includes 2,777,778 shares at $0.18 per unit, with each unit containing one common share and half warrant. Full warrants allow purchase of additional shares at $0.40 for 24 months, with a 12-month escrow period.

How will TTSRF use the proceeds from its $500,000 financing?

The proceeds will primarily fund exploration and development of the company's flagship Kenbridge Nickel Project in the Atikwa Lake Area, Kenora Mining District, Ontario.

What is the location and scope of TTSRF's Turtle Pond Knight Danger Project?

The project is located approximately 35 kilometers west of Dryden airport in the Kenora Mining District, Ontario. The recent survey covered approximately 22 square kilometers of the property.

What is the warrant exercise price and duration for TTSRF's January 2025 financing?

Each full warrant allows holders to purchase an additional common share at $0.40, valid for 24 months from the closing date.