Global Uranium cancels one placement, arranges another

Mr. Ungad Chadda reports GLOBAL URANIUM CORP. ANNOUNCES LIFE OFFERING FOR UP TO C$1,500,000 Further to the news release dated July 22, 2025, Global Uranium Corp. will no longer proceed with the previously announced non-brokered private placement and instead intends to complete a non-brokered private placement financing, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by co-ordinated blanket order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), of a minimum of 6,666,666 units of the company up to a maximum of 10 million units, at a price of 15 cents per unit, for minimum gross proceeds of $1-million and maximum gross proceeds of $1.5-million. Each unit shall be composed of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder to purchase one share at a price of 20 cents for a period of 24 months from the closing date (as defined herein). The offering is anticipated to close on or about Sept. 19, 2025, subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the offering are intended to be used for exploration activities, general administrative expenditures and general working capital purposes. Subject to compliance with applicable regulatory requirements and in accordance with the listed issuer financing exemption, the securities issuable under the offering will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec). Accordingly, the securities issued to subscribers will not be subject to resale restrictions in accordance with applicable Canadian securities laws. This offering is not an amendment to, or an extension of, the offering recently announced in the company's news release dated July 22, 2025. The company has chosen to discontinue that offering. The offering document recently filed by the company on July 22, 2025, in connection with such offering document, is hereby withdrawn by the company. There is an offering document dated Sept. 9, 2025, related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. The offering document contains further details regarding the offering, including additional detail regarding the expected use of proceeds therefrom. Prospective investors in the offering should read this amended and restated offering document before making an investment decision. About Global Uranium Corp. Global Uranium focuses on exploring and developing uranium assets primarily in North America. The company currently holds key uranium projects: the Wing Lake property in the Mudjatik domain of Northern Saskatchewan, Canada; the northwestern Athabasca joint venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the northwestern Athabasca region of Saskatchewan, Canada; the Astro uranium project with Cosa Resources Corp. in the eastern Athabasca basin, Saskatchewan; and the Great Divide basin district projects, the Gas Hills district projects and the Copper Mountain district projects in Wyoming, United States. We seek Safe Harbor.