04:18 PM EST, 12/30/2024 (MT Newswires) -- Nuvau Minerals (NMC.V) late Monday afternoon said it completed its previously announced private placement, raising about $1.97 million by issuing roughly 2.11 million flow-through shares.

The offering included nearly 1.57 million shares at $0.90 each, raising $1.41 million, and 547,087 shares at $1.03 each, raising nearly $563,500, the company said.

The proceeds will be used for eligible resource exploration expenses, which will qualify as tax-deductible exploration expenses under Canadian and Quebec tax laws, the company added.