Global Uranium cancels one placement, arranges another

Executive Summary

• Global Uranium Corp. has discontinued its previously announced non-brokered private placement (dated July 22, 2025) and is instead proceeding with a new non-brokered private placement under the Listed Issuer Financing Exemption.
• The company intends to raise between $1 million and $1.5 million CAD by selling up to 10 million units at a price of $0.15 per unit.
• Each unit consists of one common share and one share purchase warrant, with warrants exercisable at $0.20 per share for 24 months.

Key Details

• Transaction Structure: Non-brokered private placement pursuant to the Listed Issuer Financing Exemption (NI 45-106 Part 5A).
• Units Offered: Minimum of 6,666,666 units; Maximum of 10,000,000 units.
• Price: $0.15 CAD per unit.
• Gross Proceeds: Minimum $1,000,000 CAD; Maximum $1,500,000 CAD.
• Warrant Terms: Each unit includes one share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.20 CAD. Warrants are exercisable for a period of 24 months from the closing date.
• Use of Proceeds: Exploration activities, general administrative expenditures, and general working capital purposes.
• Closing Date: Anticipated on or about September 19, 2025, subject to regulatory approvals.
• Jurisdiction: Offered to purchasers resident in all Canadian provinces except Quebec. Securities are not subject to resale restrictions under applicable Canadian securities laws.
• Previous Offering: The offering announced on July 22, 2025, has been discontinued, and the associated offering document filed on that date has been withdrawn. A new offering document dated September 9, 2025, has been filed.