Uranium One Mining Corp. is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) consisting of any combination of non-flow-through units of the Company (each, an “NFT Unit”) and flow-through units (each, an “FT Unit”), for aggregate gross proceeds of up to CAD $1,500,000.
The Private Placement is expected to consist of up to 2,500,000 NFT Units at a price of CAD $0.30 per NFT Unit and up to 2,500,000 FT Units at a price of CAD $0.30 per FT Unit.
Each NFT Unit will consist of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional Share for a period of twelve (12) months from the date of issuance at a price of CAD $0.50 per Share.
Each FT Unit will consist of one common share of the Company that qualifies as a “flow-through share” within the meaning of the Income Tax Act (Canada) (an “FT Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Share for a period of twelve (12) months from the date of issuance at a price of CAD $0.50 per Share.
If the Company’s common shares close at or above CAD $0.75 per Share for a period of five (5) consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a press release or other permitted notice to the holders thereof. In such event, the Warrants will expire on the date that is thirty (30) days following the date of such notice.
The Warrants will include a provision restricting exercise if such exercise would result in the holder, together with any persons acting jointly or in concert with the holder, owning 10% or more of the issued and outstanding common shares of the Company immediately following such exercise.
The Company intends to use the net proceeds of the Private Placement for exploration and drilling programs, property payments, and general working capital.
The Company will incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) and “flow-through critical mineral mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada) (collectively, the “Qualifying Expenditures”), and will renounce such Qualifying Expenditures to the subscribers of FT Shares with an effective date no later than December 31, 2026, in an aggregate amount not less than the total subscription proceeds received for the FT Shares.
The Private Placement is non-brokered; however, the Company may pay finders’ fees to eligible arm’s length parties consisting of: (i) a cash commission of up to 8% of the gross proceeds raised from subscribers introduced by such finders; and (ii) non-transferable finder’s warrants equal to up to 8% of the number of NFT Units sold to such subscribers, with each finder’s warrant exercisable at CAD $0.50 per Share for a period of 24 months from the date of issuance.
All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.
Completion of the Private Placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. There can be no assurance that the Private Placement will be completed as proposed or at all.
About Uranium One Mining Corp.
Uranium One Mining Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of uranium projects and select battery metals assets. The Company is advancing a diversified portfolio of high-potential projects in Canada, Paraguay and Argentina, with a strategic focus on assets positioned to benefit from the increasing global demand for nuclear energy and secure energy supply chains.
The Company’s projects include the Quark Uranium Project, the Yuty Prometeo Uranium Project, and the Nucleon Uranium Project, each of which offers significant exploration upside and potential for resource expansion.
Uranium One Mining Corp. is committed to responsible exploration practices, disciplined capital allocation, and the creation of long-term shareholder value through the systematic advancement of its project portfolio.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, X.com, Facebook and Instagram.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Directors
“David Greenway”
David Greenway, CEO
For further information, please contact:
Uranium One Mining Corp.
Brent Rusin
Phone: +1 672-533-0348
E-Mail: brent@vanguardminingcorp.com
U.S. Securities Law Disclaimer
The securities issuable pursuant to the Transaction have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
Disclaimer for Forward-Looking Information
This news release contains certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on management’s current expectations as of the date of this news release and relate primarily to the Company’s plans, objectives, and anticipated future performance, including, without limitation, the Company’s 2026 exploration programs, project evaluation activities, potential drilling programs, permitting timelines, the completion of the private placement described herein, and the Company’s strategic objectives.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements. These factors include, but are not limited to, risks related to exploration and development, the results of exploration activities, the availability of financing, the ability of the Company to complete the private placement on the terms described or at all, the receipt of required regulatory and stock exchange approvals, permitting and environmental risks, Indigenous consultation processes, operational and logistical challenges, commodity price volatility, and general economic and market conditions, as well as those risk factors discussed in the Company’s public disclosure documents filed on SEDAR+ at www.sedarplus.ca.
Although Uranium One Mining Corp. believes that the assumptions and expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such statements will prove to be accurate, including, without limitation, that the private placement will be completed on the terms described or at all. Actual results and future events may differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.
The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
