Sprock-it Acquisitions and U92 Announce TSXV Conditional Acceptance, Filing of Filing Statement and Filing of Technical Report

Executive Summary

• Sprock-it Acquisitions Ltd. and U92 Corp. have received conditional acceptance from the TSX Venture Exchange to close their previously announced arm’s‑length qualifying transaction.
• The transaction will be completed via a three‑cornered amalgamation, resulting in a reverse takeover of Sprock-it by U92 shareholders; the combined entity is expected to operate as “U92 Energy Corp.” and trade on the TSXV under the ticker UTWO.
• Closing is anticipated on or about January 29 2026, subject to regulatory approvals and customary closing conditions.

Key Details

• Conditional acceptance from the TSX Venture Exchange (TSXV) was received for the Qualifying Transaction.
• A filing statement dated January 28 2026 and a NI 43‑101 Technical Report for the Kurupung Project (effective July 30 2025) have been filed on SEDAR+.
• The amalgamation will involve Sprock-it Acquisitions Ltd., U92 Corp., and a wholly‑owned subsidiary of Sprock-it created solely for this purpose.
• Post‑amalgamation, the resulting issuer will continue U92’s uranium exploration business, focusing on the Kurupung Project in Guyana (92.2 km² land package).
• The combined company is expected to adopt the name U92 Energy Corp. (or another acceptable name) and list on the TSXV under ticker UTWO shortly after closing.
• Closing is contingent upon receipt of all required regulatory approvals, final TSXV acceptance, shareholder approvals, and satisfaction of customary conditions.
• Sprock-it’s shares were halted on June 26 2025 in connection with the transaction announcement and remain halted pending completion.

Notable Quotes

• Jeff Paquin, CEO, Sprock‑it Acquisitions Ltd. – “We are pleased to have secured conditional TSXV acceptance and look forward to completing the Qualifying Transaction, which will create a focused uranium exploration platform under the U92 brand.”
• Adam Clode, CEO, U92 Corp. – “The amalgamation positions us to advance the high‑grade Kurupung Project and capitalize on growing demand for clean‑energy uranium resources.”