Standard Uranium closes LIFE offering of 25 M FT units

Executive Summary

• Standard Uranium Ltd. closed its previously announced life offering, issuing 25 million flow‑through units at C$0.10 per unit.
• The offering generated net proceeds that will be used to fund exploration of the company’s Saskatchewan uranium projects.
• A separate up‑to‑16.761 million‑unit accredited investor offering remains open, subject to TSX Venture Exchange approval and a statutory hold period.

Key Details

• Units Issued: 25 million flow‑through units (FTUs).
• Pricing: C$0.10 per FTU.
• Unit Composition: Each FTU = one common share (flow‑through) + ½ of one common share purchase warrant.
• Warrant Terms: Right to purchase one common share at C$0.15, exercisable any time before Oct 15 2027.
• Use of Proceeds: Exploration of Saskatchewan uranium projects.
• Finder Fees Paid: $150,000 in cash.
• Additional Finder Warrants: 1.5 million non‑transferable share purchase warrants issued on the same terms as above.
• Secondary Offering: Up to 16,761,000 additional FTUs at C$0.10 per unit, targeting Canadian accredited investors; gross proceeds potential of $1,676,100.
• Hold Period: Secondary offering units subject to a statutory hold period of four months and one day.
• Regulatory Status: Offering conducted under the listed issuer financing exemption (NI 45‑106 Part 5A); securities not subject to a hold period. Completion of secondary offering pending TSX Venture Exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)