Nuclear Vision Closes Upsized Private Placement with Participation by Eric Sprott

Executive Summary

• Nuclear Vision Ltd. closed an upsized private placement, issuing 24 million units at $0.25 per unit for gross proceeds of $6 million.
• Strategic investor Eric Sprott purchased 8 million units ($2 million), now controlling ~12.8% non‑diluted (18.0% fully diluted) of the company’s equity and warrants.
• Net proceeds will fund general working capital, complete uranium exploration in Botswana, and commence manganese projects in Slovakia.

Key Details

• Units Issued: 24,000,000 units @ $0.25 each → Gross Proceeds: $6,000,000.
• Unit Composition: 1 common share + ½ common share purchase warrant per unit.
• Warrant Exercise Prices:
• $0.375 per share if exercised within the first 12 months after closing.
• $0.50 per share if exercised between 12 and 24 months after closing.
• Strategic Investor Participation: Eric Sprott (via 2176423 Ontario Ltd.) purchased 8,000,000 units for $2,000,000.
• Post‑Offering Ownership:
• Shares: 8,000,000 (≈12.8% non‑diluted).
• Warrants: 4,000,000 (≈18.0% fully diluted assuming exercise).
• Use of Proceeds: General working capital; complete Botswana uranium exploration program (as per Dec 2 2025 release); marketing & investor relations; initiate Svabovce and Michalova manganese projects in Slovakia (as per Jan 22 2026 release).
• Finder’s Fees: Cash fees of C$69,150 paid; 276,600 non‑transferable finder warrants issued on the same terms as the offering warrants.
• Holding Period: All securities subject to a statutory four‑month and one‑day hold period.
• Regulatory Note: Securities not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption.

Notable Quotes

• “The net proceeds from this offering will enable us to advance our key exploration projects and strengthen our balance sheet as we continue to build value for shareholders.” – Derrick Dao, Chief Executive Officer, Nuclear Vision Ltd.