Purepoint closes final tranche of private placement

Executive Summary

• Purepoint Uranium Group Inc. closed the final tranche of its private placement, raising a total of $6,000,137.79 in gross proceeds.
• The financing consisted of Saskatchewan charity flow‑through units (SK) and national charity flow‑through units (NT) priced at $0.65 and $0.59 per unit respectively, and includes common share purchase warrants exercisable at $0.50 for 24 months.
• Proceeds are earmarked to fund exploration activities in the Athabasca Basin, while related‑party IsoEnergy Ltd. acquired a significant stake, now holding ~12.6 % of Purepoint’s non‑diluted shares (≈18.7 % on a partially diluted basis).

Key Details

• Units Issued – Final Tranche
• 5,768,824 SK charity flow‑through units @ $0.65/unit → $3,749,735.60 gross proceeds.

• 3,041,295 NT charity flow‑through units @ $0.59/unit → $1,794,364.05 gross proceeds.

• Total Private Placement Proceeds (including first tranche closed Aug 29 2025) – $6,000,137.79 from:

• 772,946 traditional flow‑through units,
• 5,768,824 SK flow‑through units,

• 3,041,295 NT flow‑through units.

• Warrant Terms – Each unit includes one warrant to purchase one common share at an exercise price of $0.50, exercisable for 24 months from issuance.

• Finder’s Fees Paid – Cash and non‑transferable compensation warrants totalling $106,662.14 in cash plus 264,111 warrants (same $0.50 exercise price, 24‑month term).

• Use of Proceeds – Dedicated to exploration and advancement of Purepoint’s projects within the Athabasca Basin, Saskatchewan.

• Holding Period – All securities subject to a four‑month hold period; expiry on Jan 6 2026.

• Related Party Transaction – IsoEnergy Ltd.

• Acquired 2,531,646 SK flow‑through units in the private placement (related party under MI 61‑101).
• Post‑closing ownership: 9,864,980 common shares and 5,864,980 warrants, representing ≈12.57 % of Purepoint’s non‑diluted share capital and ≈18.65 % on a partially diluted basis (assuming full warrant exercise).

• IsoEnergy holds no current plans to dispose of or further acquire securities but may act in the future based on market and company conditions.

• Regulatory Filings – Material change report filed <21 days before closing; early warning report available on SEDAR+.

Notable Quotes

“This final tranche not only completes our raise but strengthens our alignment with IsoEnergy and reinforces our shared commitment to long‑term uranium discovery in the basin,” — Chris Frostad, President & CEO, Purepoint Uranium Group Inc.

All non‑material boilerplate and safe‑harbor language omitted for clarity.