UraniumX Upsizes LIFE Offering and Announces Proposed FT Financing
URANIUMX DISCOVERY CORP . ANNOUNCES SUBSEQUENT UPSIZING OF
LIFE OFFERING DUE TO STRONG INVESTOR DEMAND
VANCOUVER, British Columbia, February 12, 2026 - UraniumX Discovery Corp. (“UraniumX” or the
“Company”) (CSE: STMN) is pleased to announce that, due to strong investor demand, it has
upsized its previously announced listed issuer financing exemption offering (the “ LIFE Offering”),
announced on January 22, 2026 February 10, 2026.
On February 10, 2026, the LIFE Offering was upsized to 20,000,000 units (each, a “Unit”) at a price of
$0.20 per Unit for gross proceeds of up to $ 4,000,000. Due to strong demand, the LIFE Offering has
been increased to up to 21,550,000 Units for aggregate gross proceeds of up to $4,310,000.
Each Unit consists of one common share of the Company and one common share purchase warrant.
Each warrant entitles the holder to acquire one additional common share at a price of $0.30 per
share for a period of 36 months from the date of issuance, and is e xercisable beginning 60 days
following the closing of the LIFE Offering. All other terms of the LIFE Offering remain unchanged.
As previously announced, the LIFE Offering is being conducted pursuant to the listed issuer financing
exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, and is available to
purchasers resident in Canada, excluding Québec. Securities issued under the LIFE Offering will not
be subject to a statutory hold period in accordance with applicable Canadian securities laws. An
updated offering document related to the LIFE Offering is available under the Company’s profile on
SEDAR+ and on t he Company’s website. Prospective investors should read the offering document
before making an investment decision.
The upsized LIFE Offering remains subject to the approval of the Canadian Securities Exchange and
other applicable regulatory approvals and is expected to close on February 13, 2026, or such other
date as the Company may determine.
Proceeds from the LIFE Offering will be used for general working capital and corporate purposes,
including exploration and development activities on the Company’s Murphy Lake, Zoo Bay, and
NeoCore uranium properties located in Saskatchewan’s Athabasca Basin.
The Company is encouraged by the strong investor response to the LIFE Offering and believes the
increased financing positions UraniumX to meaningfully advance its exploration programs and
strategic objectives in 2026.
The Company is also pleased to announce an offering (the “FT Offering”) of 4,444,444 flow-through
common shares (the “Flow-through Shares”), at a price of $0.225 per Flow-through Share for gross
proceeds of up to $1,000,000 (the “Flow-through Offering”). The Company may pay finders fees in
connection with the FT Offering. The gross proceeds from the sale of the Flow-through Shares will be
used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow -
through mining expendit ures” as such terms are defined in the Income Tax Act (Canada) (the
“Qualifying Expenditures ”) related to the Company’s projects in Canada. All securities issued
pursuant to the FT Offering will be subject to a hold period of four months and one day as required
under applicable securities legislation.
About UraniumX Discovery Corp.
UraniumX Discovery Corp. is a Canadian -based junior mineral exploration company, singularly
focused on advancing uranium discovery in Canada's Saskatchewan Athabasca Basin. Its core
assets sit on the eastern margin of the Athabasca Basin, a premier global district known for hosting
10 of the world's top 15 highest-grade uranium deposits.
Murphy Lake Uranium Property is the Company's flagship, where UraniumX is earning up to 70%
through an option with F4 Uranium. Adjacent to the world -class Wollaston Domain, the property
benefits from conductors, strong alteration, and proven 2022 drilling that intercepted anomalous
radioactivity near the Basin's unconformity.
The Company also owns 100% of the Zoo Bay Uranium Project (15 claims; 19,850 ha), positioned
near structural and magnetic features historically linked to uranium -thorium occurrences and
conductivity corridors near Newnham Lake and neighbouring claims.
UraniumX further holds a 100% interest in the NeoCore Uranium Property (6 claims; 13,012 ha),
located 65 km southeast of McArthur River Mine, within a stable, high -grade mining district
supported by mills, power, all-season roads, and established exploration infrastructure.
Exploration programs incorporate geophysics, drilling, and a research collaboration with University
of Saskatchewan leveraging quartz-degradation analytics to sharpen target selection.
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 terms, timing, and completion of the LIFE Offering and Flow Through offering , the
anticipated use of proceeds, receipt of regulatory and stock exchange approvals, and the Company’s
future plans, objectives, and exploration activities. Forward -looking statements are based on the
reasonable assumptions, estimates, and opinions of management as of the date such statem ents
are made and are subject to known and unknown risks, uncertainties, and other factors that may
cause actual results, performance, or achievements to differ materially from those expressed or
implied by such forward -looking statements. These factors in clude, but are not limited to, risks
related to the Company’s ability to complete the LIFE Offering and the Flow Through Offering on the
terms described herein or at all, the receipt of necessary regulatory and exchange approvals,
fluctuations in market conditions, volatility in equity and capital markets, the speculative nature of
mineral exploration and development, environmental risks, reliance on key personnel, and changes
in laws and regulations. There can be no assurance that such forward-looking statements will prove
to be accurate, as actual results and future events may differ materially from those anticipated.
Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements.
Except as required by applicable securit ies laws, the Company undertakes no obligation to update
or revise any forward-looking statements contained herein to reflect events or circumstances after
the date hereof.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company
does not undertake any obligation to update or revise any forward -looking information contained
herein, except as required by applicable securities laws.
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.