Premier American increases private placement to $13M

Executive Summary

• Premier American Uranium Inc. has upsized its bought-deal private placement to raise gross proceeds of C$13 million, driven by strong investor demand.
• The company has entered into an amended agreement with Red Cloud Securities Inc. to sell 14,444,444 units at C$0.90 per unit.
• The offering includes an over-allotment option allowing the underwriters to purchase up to an additional 2,222,222 units for up to C$2 million in additional gross proceeds.

Key Details

• Transaction Structure: Bought-deal private placement.
• Underwriter: Red Cloud Securities Inc. (lead underwriter and sole bookrunner) on behalf of a syndicate.
• Units Sold: 14,444,444 units.
• Price: C$0.90 per unit.
• Gross Proceeds: C$13 million.
• Over-Allotment Option: Underwriters have an option to purchase up to 2,222,222 additional units at C$0.90 per unit, exercisable up to 48 hours prior to closing, for additional gross proceeds of up to approximately C$2 million.
• Warrant Terms: Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of $1.26.
• Warrant Expiry: 36 months after the closing date.
• Use of Proceeds: Exploration and advancement of uranium projects in New Mexico and Wyoming, working capital, and general corporate purposes.
• Regulatory Basis:
  • Canada: Listed issuer financing exemption under National Instrument 45-106 (Part 5A) for Canadian residents (excluding Quebec). Securities are expected to be immediately freely tradable.
  • United States: Private placement pursuant to exemptions from registration requirements under the U.S. Securities Act of 1933.
  • International: Private placement or equivalent basis outside Canada and the US.
• Closing Date: Anticipated on or about February 3, 2026, subject to regulatory approvals, including the TSX Venture Exchange.
• Documentation: Amended and restated offering document dated January 22, 2026, available on SEDAR+ and the company website.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.