UraniumX increases LIFE offering to $4-million

Executive Summary

• UraniumX Discovery Corp. upsized its LIFE financing offering from up to 7.5 M units ($1.5 M gross proceeds) to up to 20 M units (~$4 M gross proceeds due to strong investor demand.
• Each unit includes one common share and one warrant (exercise price $0.30, exercisable after 60 days, 36‑month term). All other terms unchanged.
• Proceeds will fund general working capital and exploration/development of the Murphy Lake, Zoo Bay and NeoCore uranium projects in Saskatchewan’s Athabasca basin.

Key Details

• Original Offering: Up to 7.5 M units at C$0.20 per unit → up to $1.5 M gross proceeds.
• Upsized Offering: Up to 20 M units at the same price → up to $4 M gross proceeds.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to acquire one additional common share at C$0.30 per share; exercisable beginning 60 days after closing; valid for 36 months from issuance.
• Regulatory Framework: Conducted under the listed issuer financing exemption (NI 45‑106 Part 5A); available to Canadian residents excluding Quebec; no statutory hold period.
• Closing Timeline: Expected on or before Feb 13 2026, subject to CSE and other regulatory approvals.
• Use of Proceeds: General working capital and corporate purposes, specifically exploration and development at Murphy Lake, Zoo Bay, and NeoCore uranium properties in the Athabasca basin.
• Documentation: Updated offering document filed on SEDAR+ and available on company website; investors urged to review before investing.

Notable Quotes

(No direct quotes were provided in the release.)