North Shore Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
DECEMBER 11, 2025 TSX-V:NSU
NORTH SHORE ANNOUNCES NON-BROKERED PRIVATE
PLACEMENT
North Shore Uranium Ltd. (TSX-V: NSU) (“North Shore” or the “Company”) is pleased to announce
a non-brokered private placement offering for gross proceeds of up to $3,000,000, through the issuance of
units of the Company (the “Units”) at a price of $0.25 per Unit (the “Offering”). Each Unit consists of one
common share of the Company and one -half of one share purchase warrant (each whole share purchase
warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company
(each a “Warrant Share”) at a price of $0.40 per Warrant Share for a period of two (2) years from closing
of the Offering.
The Warrants will be subject to an accelerated expiry provision such that, if the volume-weighted average
price of the Company’s common shares on the TSX Venture Exchange (“TSXV”) equals or exceeds $0.80
for ten (10) consecutive trading days, then the Warrants will expire thirty (30) days following the date on
which the Company either provides notice of acceleration to the holders of the Warrants or issues a news
release announcing the acceleration, in each case at the Company’s election.
The net proceeds of the Offering will be used for exploration of the Rio Puerco uranium project in New
Mexico, continued exploration of the Company’s Saskatchewan uranium properties, the costs of the
Offering and for general working capital.
The securities issued in connection with the Offering will be subject to a four -month and one -day hold
period under applicable securities laws. The Offering is subject to certain conditions including, but not
limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.
Finder’s fees may be payable in the Offering.
Cautionary Note to U.S. Investors
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 state securities laws and may
not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent
registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from
such registration is available. This news release does not constitute an offer to sell securities, nor a
solicitation of an offer to buy any securities. Any public offering of securities in the United States must be
made by means of a prospectus containing detailed information about the company and management, as
well as financial statements. “United States” and “U.S. person” have t he respective meanings assigned in
Regulation S under the U.S Securities Act.
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ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world’s
ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this
environment, new discoveries of economic uranium deposits will be very valuable, especially in established
uranium-producing jurisdictions like Saskatchewan and Ne w Mexico. North Shore is well -positioned to
become a major force in exploration for economic uranium deposits. The Company is working to achieve
this goal by exploring Rio Puerco in the Grants Uranium District of New Mexico and its Falcon and West
Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan. In addition, the Company
continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of
uranium properties.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: [email protected]
www.northshoreuranium.com
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.
Forward-Looking Statements
This news release contains “forward‑looking information” and “forward‑looking statements” (collectively,
“forward‑looking statements”) within the meaning of applicable securities laws. All statements, other than
statements of historical fact, that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are forward‑looking statements. Forward‑looking
statements are frequently characterized by words such as “plan,” “project,” “believe,” “expect,” “intend,”
“aim,” “seek,” “anticipate,” “estimate,” “could,” “may,” “should,” “would,” and “will,” and similar
expressions, or their negatives. Forward-looking statements in this release, directly or implied include, but
are not limited to: the terms and completion of the Offering; the use of proceeds of the Offering; t he
Company’s plans to advance and continue exploration at the Rio Puerco project and at the Falcon and West
Bear properties; the Company’s intention to continue evaluating quality opportunities in the United States
and Canada to complement its portfolio; the belief that the nuclear power industry is in growth mode and
that increased nuclear power generation will be required to meet global CO₂‑reduction goals and the needs
of power‑intensive technologies such as AI; the belief that new discoveries of econom ic uranium deposits
will be very valuable; and the belief that North Shore is well‑positioned to become a leading explorer for
economic uranium deposits. These forward‑looking statements are based on assumptions that management
believes are reasonable, including receipt of all necessary regulatory approvals, completion of the Offering
on the terms disclosed , i nvestor interest, and the Company’s ability to execute its exploration plans as
intended; that uranium market and geopolitical conditions and long‑term demand for nuclear power remain
positive; that any necessary permits and approvals for exploration programs at Rio Puerco, Falcon and
West Bear will be obtained in a timely manner and that the programs can be executed substantially as
planned; that technical evaluations may confirm ISR viability at Rio Puerco; that the Company can identify
and acquire additional quality uranium assets in North America;
Risks and uncertainties that may cause actual results to differ materially from those anticipated include, but
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are not limited to: failure to obtain regulatory approvals, inability to complete the Offering, market volatility,
operational challenges, changes in securities laws, general economic conditions, and the possibility that the
Company may be required to change the allocation of proceeds from the Offering due to unforeseen
circumstances or business needs; the inability to complete successful financings and market conditions
limiting access to capital; technical challenges during exploration programs; potential opposition from local
stakeholders or regulatory changes , global energy policy shifts or delays in nuclear plant construction
reducing uranium demand; alternative technologies displacing nuclear power growth; uranium price
volatility undermining certain project’s economics; inability to attract and retain technical and managerial
talent; operational challenges, environmental incidents, accidents, labour disputes; and changes in laws,
regulations or TSXV policies. . There may be other factors that cause actual results, performance, or
achievements to differ materially from those anticipated or implied by the forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events, or results or otherwise. Forward-looking
statements are not guarantees of future performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this
news release are expressly qualified in their entirety by this cautionary statement.