Inventus Mining Corp. announced a non-brokered private placement of up to 3,500,000 critical mineral flow-through units at a price of CAD 0.15 per critical mineral flow-through unit for gross proceeds of up to CAD 525,000 and up to 4,500,000 units at a price of CAD 0.105 per unit for gross proceeds of up to CAD 472,500, for aggregate gross proceeds of up to CAD 997,500 on June 29, 2022. Each critical mineral flow-through unit will consist of one common share to be issued as a “flow-through share” within the meaning of the Income Tax Act and one-half of a share purchase warrant.

Each whole warrant shall entitle the holder to purchase one common share at a price of CAD 0.24 per critical mineral flow-through warrant share until the date which is twenty-four months following the closing of the offering. Each unit will consist of one common share and one-half of a share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of CAD 0.17 per warrant share until the date which is twenty-four months following the closing of the offering.

The offering of the units is subject to the receipt of all required corporate and regulatory approvals including the approval of the TSX Venture Exchange. All securities issued under the offering are subject to a statutory four-month and one day hold period. The company may pay finder's fee of 6% cash commission, and 10% broker warrants.

Each broker warrant will be exercisable into a unit at a price of CAD 0.105 per unit for a period of one year.