Standard Uranium Announces Closing of First Tranche of Private Placement

Executive Summary

• Standard Uranium closed the first tranche of its previously announced non‑brokered private placement, raising gross proceeds of $836,100.
• The offering consisted of 7,751,250 NFT Units at $0.08 each and 2,160,000 FT Units at $0.10 each; net proceeds will fund exploration of Saskatchewan uranium projects and working capital.
• Finders’ fees of $33,275 were paid and 393,450 non‑transferable finders’ warrants were issued; all securities are subject to a statutory hold period until January 17 2026.

Key Details

• Gross proceeds: $836,100 (NFT Units: $620,100; FT Units: $216,000).
• Units sold: 7,751,250 non‑flow‑through (NFT) units @ $0.08 each; 2,160,000 flow‑through (FT) units @ $0.10 each.
• Warrant terms: Each unit includes half a common share purchase warrant; full warrant allows purchase of one common share at $0.15 up to September 16 2027.
• Finders’ compensation: $33,275 paid in cash; 393,450 non‑transferable finders’ warrants issued on the same terms as other warrants.
• Use of proceeds: Exploration of Saskatchewan uranium projects and general working capital; FT Unit proceeds earmarked for Canadian exploration expenses and flow‑through mining expenditures, to be renounced to purchasers by Dec 31 2025.
• Statutory hold period: All securities issued in Tranche 1 (including any future warrant exercises) are restricted from trading until Jan 17 2026.
• Related party participation: Insiders purchased 337,500 NFT units; transaction qualifies as a related‑party transaction but is exempt from valuation and minority‑shareholder approval requirements under MI 61‑101.
• Future financing: Company intends to complete an additional tranche of the private placement and will provide further information when completed.

Notable Quotes

(No executive quotes were included in this release.)