Filo Mining Corp. announced a non-brokered private placement of 6,270,000 common shares at an issue price of CAD 15.95 per share for gross proceeds of CAD 100,006,500 on February 28, 2022. The transaction will include participation from new investor BHP Billiton Western Mining Resources International Pty Ltd for a 5% stake in the company.

The transaction is expected to close on March 11, 2022 and is subject to approval of Toronto Stock Exchange, and other customary regulatory approvals. All securities issued in the transaction have a hold period. No finder's fee is payable in connection with the transaction.