Myriad Uranium Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$6.0 Million

Executive Summary

• Myriad Uranium Corp. entered into an underwriting agreement with Red Cloud Securities Inc. for a bought‑deal private placement of 15,000,000 units at C$0.40 per unit, targeting gross proceeds of C$6 million.
• Each unit consists of one common share and one common share purchase warrant (exercisable at C$0.60 after 61 days, up to 36 months). An over‑allotment option allows the underwriters to purchase an additional 2,500,000 units for up to C$1 million.
• Net proceeds are earmarked for exploration and advancement of the Copper Mountain Uranium Project (Wyoming) and Red Basin Project (New Mexico), plus general corporate purposes and working capital.

Key Details

• Units Offered: 15,000,000 (plus optional 2,500,000 over‑allotment).
• Offering Price: C$0.40 per unit.
• Gross Proceeds: C$6,000,000 (potentially up to C$7,000,000 with full over‑allotment exercised).
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Right to purchase one additional common share at C$0.60 per share; exercisable any time from 61 days after closing until the earlier of 36 months post‑closing.
• Underwriters: Red Cloud Securities Inc. (lead underwriter and sole bookrunner) with a syndicate of underwriters.
• Closing Date: Scheduled for November 13, 2025 (or other mutually agreed date).
• Use of Proceeds: Exploration and development of Copper Mountain Uranium Project (Wyoming, USA) and Red Basin Project (New Mexico, USA); also for general corporate purposes and working capital.
• Regulatory Framework: Offered under NI 45‑106 listed issuer financing exemption; units may be sold to eligible substituted purchasers in several Canadian provinces and potentially offshore, subject to applicable exemptions.
• Over‑Allotment Option: exercisable up to 48 hours prior to closing for an additional 2,500,000 units at the same price.

Notable Quotes

(No direct quotes were provided in the release.)