Stallion Uranium arranges $4.55-million placement

Executive Summary

• Stallion Uranium Corp. announced a non-brokered private placement for gross proceeds of up to $4.55 million.
• The financing consists of flow-through shares priced at $0.45 per share.
• Proceeds are designated for eligible Canadian exploration expenses related to the company's uranium projects in the Athabasca basin, Saskatchewan, with expenditures to be renounced to subscribers by December 31, 2025.

Key Details

• Transaction Type: Non-brokered private placement of flow-through shares.
• Gross Proceeds: Up to $4.55 million.
• Price Per Share: $0.45 per flow-through (FT) share.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures for uranium projects in the Athabasca basin, Saskatchewan.
• Renunciation Date: All qualifying expenditures will be renounced in favour of subscribers effective December 31, 2025.
• Expenditure Deadline: Qualifying expenditures must be incurred on or before December 31, 2026.
• Regulatory Approval: Subject to TSX Venture Exchange approval.
• Hold Period: Four months and one day following the closing date of the offering.