Canadian Uranium Announced Non-Brokered Private Placement of up to $2 Million
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CANADIAN URANIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO
$2 MILLION
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, British Columbia - June 23 , 2026 - Canadian Uranium Corp. (CSE: CANU) (the
“Company”) is pleased to announce a non-brokered private placement of up to 2,000,000 units
of the Company (each, a “Unit”) at a price of $1.00 per Unit for aggregate gross proceeds of up
to $2,000,000 (the “Offering”).
Each Unit will consist of one common share of the Company (a “Common Share”) and one-half
of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall
entitle the holder thereof to purchase one Common Share at a price of $1. 50 for a period of 24
months following the closing date of the Offering. Expiry of the Warrants will be subject to
acceleration ff the closing price of the Common Shares on the Canadian Securities Exchange, or
such other market as the Common Shares may trade from time to time, is or exceeds $2.00 per
Common Share for 10 consecutive trading days. In such event, the Company may accelerate the
expiry date of the Warrants to 30 days from the date of issuance of a news release by the
Company announcing the accelerated period.
The Company reserves the right to increase the size of the offering by up to 15% for over-
allotments.
The net proceeds raised from the Offering will be used for the exploration of the Company's
flagship Rook 2 and King South projects and for working capital purposes.
The Offering is subject to certain closing conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals. The Offering is being made by way of private
placement in Canada, in the United States pursuant to an exemption from the registration
requirements of the United States securities Act of 1933, as amended, and in such other
jurisdictions as may be determined by the Company. The Units and underlying securities issued
under the Offering will be subject to a h old period expiring four months and one day from the
closing date of the Offering.
The Company anticipates paying finders' fees to eligible parties who have assisted in introducing
subscribers to the Offering. Any finders' fees payable will be in accordance with the policies of the
CSE.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale
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would be unlawful, including any of the securities in the United States of America. The securities
referred to in this news release have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws,
and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.
persons, absent registration or any applicable exemption from the registration requirements of the
U.S. Securities Act and applicable U.S. state securities laws.
With option agreements on Rook 2, King South and Castle South, the Company has an interest
in Athabasca projects that exceed 40,000 hectares of premium prospective landholdings.
About Canadian Uranium Corp.
Building Tomorrow’s clean energy on yesterday’s discoveries. Canadian Uranium Corp. is an
emerging uranium exploration and development company focused on the prolific Athabasca Basin
- the world’s premier district for high-grade uranium deposits. The Company’s strategy centers on
assembling highly skilled technical teams with expertise in uranium geology, advanced
geophysics, and northern exploration logistics. Through disciplined acquisitions, innovative
exploration methodologies, and strategic partnership s, the Company aims to accelerate project
advancement and unlock value across its exploration portfolio.
Contact Information:
Canadian Uranium Corp., Geoff Balderson, Chief Financial Officer
604-602-0001 [email protected]
Forward-Looking Statements
This news release contains certain forward -looking statements that are “forward looking
information” within the meaning of applicable securities laws. All statements that are not historical
facts, including without limitation, statements regarding future e stimates, plans, programs,
forecasts, projections, objectives, assumptions, expectations or beliefs of future performance,
including statements relating to, among other things, closing of the Offering, the use of proceeds
raised in the Offering, and the Company’s strategy, plans or future operations, contain “forward-
looking information”. These forward -looking statements reflect the expectations or beliefs of
management of the Company based on information currently available to it. Forward -looking
statements are subject to a number of risks and uncertainties, including those detailed from time
to time in filings made by the Company with securities regulatory authorities (which may be viewed
under the Company’s profile at www.sedarplus.ca), which may cause ac tual outcomes to differ
materially from those discussed in the forward -looking statements. These factors should be
considered carefully and readers are cautioned not to place undue reliance on such forward -
looking statements. The forward -looking statements and information contained in this news
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release are made as of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward -looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws.