Uraniumx Announces Closing of Final Tranche of Non-Brokered Private Placement
URANIUMX ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-
BROKERED PRIVATE PLACEMENT
VANCOUVER, British Columbia, April 16, 2026 — UraniumX Discovery Corp. (CSE: STMN)
(OTCID: STMXF) (FSE: Q7S) (the “Company” or “UraniumX”) announces that, further to its news
release dated March 31, 2026, the Company has closed the final tranche of its non- brokered
private placement (the “Offering”), bringing aggregate gross proceeds raised under the Offering
to $1,162,200.07.
Under this final tranche, the Company issued 660,000 flow through shares (each a “ FT Share”)
at a price of $0.17 per FT Share for gross proceeds of $112,200.
The FT Shares will qualify as “flow through shares” within the meaning of subsection 66(15) of
the Income Tax Act (Canada). The Company intends to use the gross proceeds from the sale of
FT Shares to incur Canadian exploration expenses which will be renounced to the subscribers in
an amount not less than the subscription price of the FT Shares, effective December 31, 2027.
Proceeds from the Offering will be directed toward the Company’s ongoing and planned
exploration programs at the Murphy Lake and Zoo Bay properties.
All securities issued under the Offering are subject to a statutory hold period of four months and
one day, expiring on August 17, 2026.
The Company paid finder’s fees in the amount of $7,854.00 to an eligible finder in connection with
the final tranche.
About UraniumX Discovery Corp.
UraniumX Discovery Corp. is a Canadian based uranium exploration company focused on
advancing high potential assets in Saskatchewan’s Athabasca Basin, one of the world’s premier
uranium districts. The Company’s portfolio includes the Murphy Lake, Zoo Bay, and NeoCore
uranium properties, strategically positioned along the eastern margin of the Basin near
established infrastructure and high- grade deposits. UraniumX’s exploration programs integrate
geophysics, drilling, and academic research collaborations to enhance target generation and
discovery potential.
On Behalf of UraniumX Discovery Corp.
Esen Boldkhuu, CEO
Contact:
UraniumX Discovery Corp.
Esen Boldkhuu, CEO
Email: [email protected]
Telephone: (604) 377-8994
Website: www.uraniumx.ca
Forward Looking Statements
This news release contains “forward looking information” and “forward looking statements” within the meaning of
applicable Canadian securities laws (collectively, “forward looking statements”). All statements, other than statements
of historical fact, incl uded herein are forward looking statements. Forward looking statements in this release include,
but are not limited to, statements regarding the Offering, the renunciation of exploration expenses, and the Company’s
future plans, objectives, and exploration activities.
Forward looking statements are based on reasonable assumptions, estimates, and opinions of management as of the
date hereof and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results
to differ materially from those expressed or implied by such forward looking statements. These factors include, but are
not limited to, the Company’s inability to complete the Offering on the terms described herein or at all, fluctuations in
market conditions, volatility in equity and capital markets, risks inherent in mineral exploration and development,
environmental risks, reliance on key personnel, regulatory approvals, and changes in laws and regulations.
Readers are cautioned not to place undue reliance on forward looking statements. Except as required by applicable
securities laws, the Company undertakes no obligation to update or revise any forward looking statements.
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its regulation
services provider accepts responsibility for the adequacy or accuracy of this release.