UraniumX Closes Oversubscribed Flow-Through Private Placement
UraniumX Closes Oversubscribed Flow-Through Private Placement
VANCOUVER, British Columbia, June 11, 2026 . UraniumX Discovery Corp. (CSE: STMN)
(OTCQB: STMXF) (FSE: Q7S) (the “Company” or “UraniumX”) announces that, further to its news
release dated June 4, 2026, the Company has cl osed its oversubscribed non-brokered private
placement by issuing 4,666,667 flow-through shares (each a “FT Share”) at a price of $0.15 per
FT Share for aggregate gross proceeds of $700,000.05 (the “Offering”).
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 eligible “Canadian exploration expenses” that qualify as “flow-through critical
mineral mining expenditures” within the meaning of subsection 127(9) of the Income Tax Act
(Canada), which will be renounced to the subscribers in an amount not less than the subscription
price of the FT Shares, with an effective date no later than December 31, 2026 and to incur such
expenses on or before December 31, 2027.
Proceeds from the Offering will fund the Company’s ongoing diamond drill program at the Murphy
Lake Uranium Property.
In connection with the Offering, the Company paid cash finder’s fees of an aggregate of $49,000
and issued an aggregate of 326,666 finder’s warrants to two finders. Each finder’s warrant is
exercisable for two years at an exercise price of $0.175 per finder’s warrant. All securities issued
under the Offering are subject to a statutory hold period of four months and one day from the date
of issuance.
About UraniumX Discovery Corp.
UraniumX Discovery Corp. is a Canadian-based junior uranium exploration company focused on
advancing uranium properties in Saskatchewan’s Athabasca Basin, one of Canada’s most active
uranium districts. The Company’s flagship Murphy Lake Uranium Property is located in the
northeastern Athabasca Basin, where UraniumX is earning up to a 70% interest through an option
agreement with F4 Uranium Corp. UraniumX additionally holds 100% interests in the Zoo Bay
and NeoCore uranium properties, and is advancing a project generator approach across its
broader portfolio by optioning non-core assets while retaining royalties and equity, allowing the
Company to concentrate exploration capital on Murphy Lake.
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 (c ollectively, “forward looking statements”).
All statements, other than statements of historical fact, included 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.