ReeXploration Announces $1,000,000 Private Placement Capital raise supports upcoming drill program targeting newly identified uranium system along Namibia's premier uranium corridor
ReeXploration Announces $1,000,000 Private
Placement
Capital raise supports upcoming drill program targeting newly
identified uranium system along Namibia's premier uranium
corridor
Halifax, Nova Scotia--(Newsfile Corp. - December 15, 2025) - ReeXploration Inc. (TSXV: REE) (FSE:
K2I0) ("ReeXploration" or the "Company") is pleased to announce a private placement for aggregate
gross process of up to $1,000,000 (the "
Financing
") to support the next phase of exploration at its
Eureka Project located in Namibia's Erongo Mining District, the country's premier uranium corridor.
Proceeds from the financing will be used primarily to fund a drill program designed to test a newly
identified and highly-prospective uranium target in early 2026, along with general working capital.
As disclosed in the Company's press releases dated December 12, 2025, and November 12, 2025, the
Company identified a new large scale uranium target immediately southwest of the Eureka Dome. The
discovery is on trend to major uranium deposits like Rössing, Husab, Etango, Omaholo, and Norasa in
an area host to one of the world's most prolific uranium belts.
The Financing will comprise of up to 9,090,910 shares of the Company (each, a "
Share
") at $0.11 per
Share. To facilitate the Financing, the Company has entered into an agreement with Numus Capital
Corp., a registered Exempt Market Dealer, to act as agent for the Financing. The Company has agreed
to pay to the agent a cash fee equal to 7% of proceeds raised and to issue compensation warrants
entitling the agent to purchase that number of Shares as is equal to 7% of the Shares from investors
introduced by the agent, except on subscriptions received from directors, officers, and employees of the
Company and their affiliates and associates. Each compensation warrant will be exercisable into a
Share of the Company at $0.11 per share for a period of 24 months from closing.
Completion of the Financing is subject to the satisfaction of certain conditions, including the approval of
the TSX Venture Exchange, and all securities issued pursuant to the Financing will be subject to a four-
month and one day hold period.
The engagement of Numus Capital Corp. and the Financing may constitute Related Party Transactions
under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI-
61-101"). The Company is relying upon an exemption for shareholder approval required under section
5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not
exceed 25% of market capitalization of the Company.
About ReeXploration Inc.
ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet
surging global demand for secure, responsible supplies of critical minerals essential to the clean energy
transition, advanced technologies and national defense. The Company's flagship Eureka Project in
central Namibia pairs a technically proven rare earth foundation - supported by the production of a clean,
Western-standard monazite concentrate - with a newly defined, high-priority uranium target located within
one of the world's most established uranium corridors. Together, these commodities provide multi-path
discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel
supply. Supported by a Namibia-based technical team and guided by global critical minerals experts,
ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned
platform positioned to benefit from the global race to diversify and secure responsible supply chains.
Caution Regarding Forward-Looking Information
This press release may contain forward-looking information. This information is based on current
expectations and assumptions (including assumptions relating to general economic and market
conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual
results may differ materially from results suggested in any forward-looking information. ReeXploration
does not assume any obligation to update forward-looking information in this release, or to update the
reasons why actual results could differ from those reflected in the forward-looking information unless
and until required by securities laws applicable to ReeXploration. Additional information identifying
risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities
regulators, which filings are available at
www.sedarplus.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Further details are available on the Corporation's website at
www.rareearthexploration.com
or contact
Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949,
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/278004