Nickel Creek Platinum launches non-brokered private placement

Canada NewsWire

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OAKVILLE, ON, Oct. 13, 2026 /CNW/ -- Nickel Creek Platinum Corp. (TSXV: NCP) ("Nickel Creek" or the "Company") is pleased to announce a non-brokered private placement of securities of the Company of up to $0.7 million (the "Private Placement"), consisting of the sale and issuance of up to:

i.  300,000 common shares of the Company (each, a "Common Share") at a price of $1.35 per Common Share; and

ii.  166,666 Common Shares that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") (each, a "FT Share") at a price of $1.50 per FT Share.

The Company's largest shareholder, Electrum Strategic Opportunities Fund L.P. ("Electrum"), has indicated its intention to invest up to approximately $0.4 million in the Private Placement.

The net proceeds from the sale of the Common Shares will be used to complete the Company's 2026 drill program and for potential 2027 exploration activities, ongoing permitting activities and holding costs at the Company's Nickel Shäw Project located in the Yukon (the "Project"), and for general corporate expenses and working capital purposes. Gross proceeds from the sale of the FT Shares will be used to fund and complete the Company's 2026 drill program at the Project, as Canadian Exploration Expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act, which will be renounced with an effective date of no later than December 31, 2026 to initial purchasers of the FT Shares.

Closing of the Private Placement is expected to occur in October 2026 and remains subject to the approval of the TSX Venture Exchange (the "TSXV") and other customary closing conditions for a transaction of this nature. The Common Shares and the FT Shares will be offered to accredited investors in Canada pursuant to applicable prospectus exemptions in accordance with NI 45-106, and in such other jurisdictions in which the Private Placement may be lawfully made, and will have a statutory hold period of four months and one day from closing.

In connection with the Private Placement, subject to acceptance by the TSXV, the Company will pay a finder's fee equal to 6% of the gross amount invested in the Private Placement by investors introduced to the Company by a finder, payable in cash.