Premier American arranges $10M bought deal offering

Executive Summary

• Premier American Uranium Inc. announced a bought deal private placement for gross proceeds of approximately C$10 million.
• The company issued 11,111,112 units at a price of C$0.90 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant.
• Proceeds are intended for the exploration and advancement of uranium projects in New Mexico and Wyoming, as well as for working capital and general corporate purposes.

Key Details

• Gross Proceeds: Approximately C$10 million from the initial tranche.
• Unit Price: C$0.90 per unit.
• Units Issued: 11,111,112 units.
• Underwriter: Red Cloud Securities Inc., acting as lead underwriter and sole bookrunner for a syndicate.
• Structure: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms (Investors): Each whole warrant entitles the holder to purchase one common share at an exercise price of $1.26. Warrants expire 36 months after the closing date.
• Overallotment Option: The underwriters have an option to purchase up to an additional 2,222,222 units at the offering price for additional gross proceeds of up to approximately $2 million. This option is exercisable up to 48 hours prior to the closing date.
• Use of Proceeds: Exploration and advancement of uranium projects in New Mexico and Wyoming; working capital; and general corporate purposes.
• Regulatory Exemptions:
  • Canada: Offered to purchasers in all Canadian provinces except Quebec pursuant to the listed issuer financing exemption under National Instrument 45-106. Securities are expected to be immediately freely tradable.
  • United States: Offered via private placement pursuant to exemptions from registration under the U.S. Securities Act of 1933.
  • Other Jurisdictions: Offered on a private placement or equivalent basis outside Canada and the U.S.
• Underwriter Compensation:
  • Cash Commission: 6.0% of gross proceeds (subject to reduction on certain president's list orders).
  • Broker Warrants: Equal to 6.0% of the number of units issued. Each broker warrant is exercisable to acquire one common share at a price of 90 cents, expiring 36 months after the closing date.
• Closing Date: Anticipated on or about February 3, 2026, subject to conditions including TSX Venture Exchange approval.
• Offering Document: An offering document dated January 21, 2026, is available via SEDAR+ and the company's website.