Uraniumx Discovery Corp. Announces Upsizing of Life Offering Due to Strong Investor Demand

Executive Summary

• UraniumX Discovery Corp. upsized its previously announced LIFE Offering from up to 7.5 M Units ($1.5 M gross proceeds) to up to 20 M Units, targeting aggregate gross proceeds of up to $4 million.
• Each Unit contains one common share and one warrant (exercise price $0.30 per share, exercisable after 60 days for a 36‑month period).
• Proceeds are earmarked for general working capital and to fund exploration/development on the Murphy Lake, Zoo Bay, and NeoCore uranium projects in Saskatchewan’s Athabasca Basin.

Key Details

• Original Offering (announced Jan 22 2026): up to 7,500,000 Units at $0.20 per Unit → max gross proceeds $1,500,000.
• Upsized Offering: now up to 20,000,000 Units at the same price of $0.20 per Unit → max gross proceeds $4,000,000.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms:
• Exercise price: $0.30 per share
• Expiration: 36 months from issuance date
• Exercisable beginning 60 days after the closing of the LIFE Offering.
• Regulatory Framework: Conducted under the listed issuer financing exemption (NI 45‑106 Part 5A); available to Canadian residents excluding Québec. No statutory hold period applies.
• Closing Timeline: Expected on or before February 13 2026 (or another date at company’s discretion), subject to CSE and other regulatory approvals.
• Use of Proceeds: General working capital and corporate purposes, specifically funding exploration and development activities on:
• Murphy Lake uranium property (flagship asset)
• Zoo Bay uranium project
• NeoCore uranium property – all located in Saskatchewan’s Athabasca Basin.
• Company Statement: CEO Esen Boldkhuu expressed confidence that the increased financing will “meaningfully advance its exploration programs and strategic objectives in 2026.”

Notable Quotes

“The Company is encouraged by the strong investor response to the LIFE Offering and believes the increased financing positions UraniumX to meaningfully advance its exploration programs and strategic objectives in 2026.” – Esen Boldkhuu, CEO