Standard Uranium closes $484,000 tranche 2 of placement

Executive Summary

• Standard Uranium closed the second tranche of its non‑brokered private placement, raising $484,000 in gross proceeds.
• The company issued 1.55 M non‑flow‑through units at $0.08 and 3.6 M flow‑through units at $0.10, plus paid $21 k in finders’ fees and granted additional warrants.
• It announced a Listed Issuer Financing Exemption (LIFE) offering of up to 20 M flow‑through units to Canadian investors (excluding Quebec), with proceeds earmarked for Saskatchewan uranium exploration and working capital.

Key Details

• Tranche 2 Private Placement:
• Gross proceeds: $484,000.
• Units issued: 1.55 M NFT units @ $0.08 = $124,000; 3.6 M FT units @ $0.10 = $360,000.
• Each NFT unit = 1 common share + ½ warrant; each FT unit = 1 flow‑through share + ½ warrant.
• Warrant Terms:
• Whole warrant allows purchase of one common share at $0.15 any time before Sept 24, 2027.
• Finders’ Fees & Additional Warrants:
• Paid $21,000 in finders’ fees.
• Issued 210,000 non‑transferable share purchase warrants to introducers on the same terms as above.
• Statutory Hold Period: All securities from Tranche 2 (and any future issuances) are subject to a hold period until Jan 25, 2026.
• Cumulative Funding to Date: Including Tranche 1, total gross proceeds now $1,320,100, comprising 9,301,250 NFT units and 5.76 M FT units.
• Future Funding Plans:
• Intends to close an additional tranche to reach $3.5 M total private placement proceeds.
• Applied to TSX Venture Exchange for timeline extension; expects final tranche completion by Oct 31, 2025.
• LIFE Offering Details:
• Up to 20 M FT units may be offered to Canadian (non‑Quebec) investors under NI 45‑106 Part 5A exemption.
• LIFE securities will not be subject to a hold period.
• Offering document available on SEDAR+ and company website; finders’ fees will also be paid for this offering.
• Use of Proceeds: Net proceeds from both the private placement and LIFE offering will fund exploration of Saskatchewan uranium projects and provide working capital.

Notable Quotes

(No direct quotes were provided in the release.)