AERO Energy Announces Closing of Final Tranche of Non-Brokered Private Placement
AERO ENERGY ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED
PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia – December 30, 2025 – Aero Energy Limited (TSXV: AERO) (OTC Pink:
AAUGF) (FSE: J5B) (“Aero” or the “Company”) is pleased to announce that, further to its news release s
dated December 11, 2025 and December 23, 2025, it has closed the second and final tranche (the “Final
Tranche”) of its previously announced non -brokered private placement (the “ Offering”) through the
issuance of an aggregate of (i) 5,367,173 common shares of the Company (“NFT Shares”) at a price of
$0.23 per NFT Share for gross proceeds of $ 1,234,450 and (ii) 7,142,857 charity flow -through common
shares of the Company (“CFT Shares”) at a price of $0.35 per CFT Share for gross proceeds of $2,500,000.
Each CFT Share will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada)
and as an “eligible flow -through share” within the meaning of The Mineral Exploration Tax Credit
Regulations, 2014 (Saskatchewan).
When combined with the first tranche of the Offering , the Company raised aggregate gross proceeds of
$5,000,000 pursuant to the Offering through the issuance of an aggregate of 10,869,565 NFT Shares and
7,142,857 CFT Shares.
The Company plans to use the proceeds of the Offering as follows:
• the net proceeds from the sale of NFT Shares will be used to fund the exploration and advancement
of the Company’s uranium properties in Saskatchewan and Nevada, and general working capital
purposes; and
• the gross proceeds received from the sale of the CFT Shares will be used to incur (i) eligible
“Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures”
as both terms are defined in the Income Tax Act (Canada) and (ii) “eligible flow -through mining
expenditures, as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan)
(collectively, the “Qualifying Expenditures”) related to the Company’s projects in Saskatchewan,
on or before December 31, 2026. Such Qualifying Expenditures will be renounced in favour of the
subscribers of the CFT Shares effective December 31, 2025.
In connection with the Final Tranche , finder’s fees of $60,436 were paid in cash and 262,765 finder’s
warrants (the “Finder’s Warrants”) were issued to Eventus Capital Corp., an eligible arm’s length finder.
Each Finder’s Warrant will be exercisable to acquire one common share of the Company (a “ Finder’s
Warrant Share”) at a price of $0.23 until December 30, 2027.
The NFT Shares issued pursuant to the Final Tranche were issued pursuant to Part 5A.2 of National
Instrument 45 -106, as amended by Coordinated Blanket Order 45 -935 – Exemptions from Certain
Conditions of the Listed Issuer Financing Exemption. Such NFT Shares are not subject to a hold period in
accordance with applicable Canadian securities laws. The Finder’s Warrants issued in connection with the
Final Tranche and the Finder’s Warrant Shares issuable upon the due exercise thereof are and will be
subject to a hold period expiring on May 1, 2026.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States of America. The securities have not been and will not be registered under the United
States Securities Act of 1933 (the “ 1933 Act”) or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such registration is available.
About Aero Energy Limited
Aero Energy Limited, following its successful merger with Kraken Energy Corp. (“Kraken”), has established
a robust portfolio of uranium assets in North America. The company controls a district -scale land package
in Saskatchewan’s Athabasca Basin, including its Strike and Murmac projects, which collectively host
dozens of shallow drill-ready targets on the north rim of the Athabasca Basin. These projects are guided by
an award-winning technical team with a proven track record, responsible for major discoveri es such as
Gryphon, Arrow, and Triple-R. Additionally, Aero’s portfolio includes Kraken’s 100%-owned Apex Uranium
Property, Nevada’s largest past-producing uranium mine, and the Huber Hills Property, spanning 1,044 ha
in Nevada and encompassing the historic Race Track open pit mine. This strategic merger combines Aero’s
extensive Canadian exploration assets with Kraken’s high-grade U.S. properties, positioning Aero to unlock
significant high -grade, unconformity -style uranium mineralization and capitalize on the growing global
demand for uranium. For more information about Aero, please visit aeroenergy.ca .
On Behalf of the Board of Directors
“Galen McNamara”
Galen McNamara, Chief Executive Officer and Chairman
604-288-8046
Further information on the Company can be found on the Company’s website at aeroenergy.ca and at
www.sedarplus.ca, or by contacting the Company by email at [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain statements and information that constitute forward -looking information
within the meaning of applicable Canadian securities laws. All statements in this news release, other than
statements of historical facts, are forward -looking statements. Such forward -looking statements and
forward-looking information specifically include, but are not limited to, statements that relate to the planned
use of net proceeds of the Offering, the tax treatment of the CFT Shares, the renouncem ent of applicable
expenditures, and timely receipt of all necessary approvals, including the final approval of the TSX Venture
Exchange, and exploration and development of the Company.
As well, forward -looking Information may relate to future outlook and anticipated events, such as the
anticipated benefits and impacts of the Offering; the use of proceeds from sale of the NFT Shares and the
CFT Shares, the renunciation of applicable expen ditures; the proposed tax treatment of the CFT Shares,
the results from work performed to date; exploration prospects of mineral properties; requirements for
additional capital; the future price of metals; government regulation of mining operations; enviro nmental
risks; the timing and possible outcome of pending regulatory matters; the realization of the expected
economics of mineral properties; future growth potential of mineral properties; and future plans, projections,
objectives, estimates and forecasts and the timing related thereto.
Statements contained in this release that are not historical facts are forward-looking statements that involve
various risks and uncertainty affecting the business of the Company. Such statements can generally, but
not always, be identified by words such a s "adjacent", "plans", "prolific", "focus", “extension”, “intended”,
“advance”, “potential”, “opportunity,” “impact”, “establish”, “propose”, “strategic”, “important”, “plan”,
“milestone”, “prime”, “success”, “undertake”, “provide”, “preeminent”, “contempl ate”, “exposure”, “strong”,
“transformation”, “represent”, “numerous”, “accessible”, “intension”, “ability”, “intend”, “identify”, “expand”,
variants of these words and similar expressions, or that events or conditions “will”, “would”, “may”, “could”
or “should” occur. All statements that describe the Company's plans relating to operations and potential
strategic opportunities are forward-looking statements under applicable securities laws. These statements
address future events and conditions and are reliant on assumptions made by the Company's management,
and so involve inherent risks and uncertainties, including, the ability or inability to obtain all necessary
regulatory approvals for the Offering, including final TSXV Venture Exchange approval; the realization of
benefits from the Offering; permits, the inability to use the proceeds from sale of the NFT Shares and the
CFT Shares as intended, the inability to renounce applicable expenditures; the availability of the proposed
tax treatment of the CFT Share s; consents or authorizations required for mining activities, and material
delays in obtaining them; the absence of adverse conditions at mineral properties; no unforeseen
operational delays; the price of uranium and other metals remaining at levels that render mineral properties
economic; the Company’s ability to continue raising necessary capital to finance operations; and the ability
to realize on any mineral resource and reserve estimates; the Company’s ability to complete its planned
exploration programs; the absence of adverse conditions at properties; no unforeseen operational delays;
the Company’s ability to continue raising necessary capital to finance operations; environmental regulations
or hazards and compliance with complex regulations associated with mining activities; climate change and
climate change regulations; fluctuations in exchange rates; the business objectives of the Company;
whether economic mineralization can be defined and, if it can be permitted for development; the uncertainty
that any mineralization encountered on adjacent properties continues on to any of the Company’s
properties; the uncertainty that geological and/or geophysical and/or any trends, interpretations, or
conclusions related to adjacent properties have relevance to any of the Company’s properties; the
uncertainty that the exploration season can be extended; changes in project parameters as plans to
continue to be refined; the consequences and implications of the historical mining activities on the
environment and whether such affects the potential exploration and/or development of any mining operation
the Company’s properties; the implications of claims from First Nations, Tribes, Tribal Councils, Tribal
Governments or other indigenous entities and peoples and land cl aims settlements on the Company’s
projects; accidents, labour disputes and other risks of the mining industry, conclusions of economic
evaluations; meeting various expected cost estimates; benefits of certain technology usage; future prices
of metals; poss ible variations of mineral grade or recovery rates; geological, mining and exploration
technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; the speculativ e nature of mineral exploration and
development; title to properties, such further risks as disclosed in the Company's filings with Canadian
securities regulators and management’s ability to anticipate and manage the foregoing risks and
uncertainties. As a result of these risks and uncertainties, and the assumptions underlying the forward -
looking information, actual results could materially differ from those currently projected, and there is no
representation by the Company that the actual results realized in the future will be the same in whole or in
part as those presented herein. Readers are referred to the additional information regarding the Company's
business contained in the Company's filings with securities regulatory authorities in Canada on SEDAR+
(www.sedarplus.ca). Although the Company has attempted to identify important factors that could cause
actual actions, events, or results to differ materially from those described in forward -looking statements,
there may be other factors that could cause actions, events or results not to be as anticipated, estimated
or intended. For more information on the Company and the risks and challenges of its business, investors
should review the Company's filings that are available on SEDAR+ (www.sedarplus.ca).
The Company provides no assurance that forward -looking statements and information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements or information. Accordingly, readers should n ot place undue reliance on forward -looking
statements or information. The Company does not undertake to update any forward -looking statements,
other than as required by law.