Chibougamau Independent Mines Completes Flow-Through Financing

ROUYN-NORANDA, Québec, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) is pleased to announce that it has completed a “flow-through” private placement by issuing 689,655 “flow-through” shares at a price of $0.29 per share for proceeds of approximately $200,000. Chibougamau will use the proceeds from the private placement for exploration on its Lac Chibougamau property in Québec.

Chibougamau Independent Mines Inc. has successfully completed a flow-through financing aimed at raising capital to further its strategic exploration and development plans. This financing initiative has garnered significant attention and investment, showcasing the company's commitment to advancing its operational goals while adhering to financial discipline.

The raised capital will be allocated towards exploring and developing mining projects within its portfolio, particularly focusing on the Chibougamau mining camp in Quebec, Canada. This area is known for its rich mineral resources and historical significance in the mining industry, which presents a solid foundation for future exploration efforts.

The financing comes as part of a broader strategy to enhance shareholder value and expand the company's presence in the mining sector. With the funds secured, Chibougamau Independent Mines plans to initiate exploration activities that are expected to generate new opportunities and potentially lead to significant discoveries. These activities will include geological surveys, drilling programs, and other methods to assess the mineral potential of the company's properties.

The response from the investment community has been encouraging, reflecting a growing interest in Chibougamau's potential. The company's management is optimistic about the outcomes of the financing, which is expected to bolster its strategic initiatives and foster sustainable growth.

In conclusion, the successful completion of this flow-through financing positions Chibougamau Independent Mines to effectively pursue its exploration goals. By investing in promising projects and leveraging its assets, the company aims to unlock value and enhance its operational capabilities within the mining sector.