Standard Uranium Closes First Tranche of LIFE Offering

• Standard Uranium Ltd. has closed the first tranche of its Listed Issuer Financing Exemption (LIFE) offering, raising $2,085,000 in gross proceeds.
• The company issued 26,062,500 flow-through units at $0.08 per unit, with each unit comprising one common share and one-half of a common share purchase warrant.
• Warrants are exercisable at $0.12 per share, expiring November 10, 2028. Half of the warrants (6,781,250) are restricted from exercise until January 10, 2027.
• Finder's fees included $123,600 in cash and 1,545,000 finders' warrants, subject to a resale restriction until March 11, 2027.
• The company anticipates closing a final tranche on or about November 17, 2026, to reach the total target of $3,000,000, subject to TSX Venture Exchange approval.
• Net proceeds are designated for the exploration of the company's Saskatchewan uranium projects.

• The financing is a direct execution of the November 9 announcement, which upsized the offering to $3 million due to strong demand.
• Securing $2.085 million in the first tranche provides immediate liquidity to fund the required $2,745,172 in qualifying Canadian exploration expenditures (CEE) by December 31, 2026, fulfilling flow-through share obligations.
• The capital injection directly supports the operational roadmap at the Davidson River and Corvo projects without introducing debt or restrictive covenants.
• The dilutive effect is significant but fully anticipated and already reflected in the current $0.06 share price. The use of proceeds aligns precisely with management's stated exploration strategy, validating the company's targeting thesis.

• Standard Uranium operates as a project generator and exploration company focused on the Athabasca Basin in Saskatchewan, Canada.
• Flagship Project: Davidson River Uranium Project (30,737 hectares in the Southwest Athabasca Basin). The company has completed over 23,000 meters of drilling since 2020, targeting basement-hosted uranium mineralization along the Warrior, Bronco, and Thunderbird structural corridors.
• Portfolio: Includes the Sun Dog Project (19,603 hectares), Eastern Athabasca projects (over 42,000 hectares), and optioned properties like Corvo (funded by Aventis Energy) and Rocas (funded by Collective Metals).
• The company utilizes advanced geophysical surveys (ExoSphere Multiphysics) and machine-learning targeting (GoldSpot) to identify high-confidence drill targets.