URZ.V · 2024-10-10 12:00:00

URZ3 Energy Corp. Upsizes Financing

Financings

Vancouver, Canada October 10, 2024 — URZ3 Energy Corp. (“URZ” or the “Company”) (TSX-V:URZ;

OTCQB:NVDEF) announces an increase to the private placement dated September 26, 2024 due to

excess demand. The non-brokered private placement has been increased from C$660,000 to up to

C$880,000.

Subject to TSX Venture Exchange approval, the Company now intends to complete a non-brokered private

placement offering of up to 8,000,000 units (the “Units”) at a price of C$0.11 per Unit (the “Offering”), for

total gross proceeds of up to C$880,000. Each Unit will consist of one common share in the capital of

the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), with

each Warrant entitling the holder thereof to acquire an additional Common Share at an exercise price

of C$0.20 per Common Share for 36 months after the date of issuance (the “Closing Date”). If after

four months plus one day from the Closing Date the closing price (or closing bid price on days when

there are no trades) of URZ’s common shares is greater than C$0.40 per share for 10 consecutive

trading days, URZ may accelerate the expiry date of the Warrants to the 30th day after the date on

which URZ gives notice to the Warrant holders of such acceleration, with such notice being the

issuance of a news release by the Company announcing the acceleration of the expiry date.

Proceeds from the Offering will be used for general working capital purposes.

The Offering is subject to receipt of all necessary regulatory and TSX Venture Exchange

approvals. The securities issued at closing of the Offering will be subject to a four month plus one

day hold period from the date of issue, as well as to any other re-sale restrictions imposed by

applicable securities regulatory authorities. Subject to approval by the TSX Venture Exchange and

applicable securities legislation, URZ may pay finder’s fees with respect to certain subscriptions from

arm’s length subscribers in accordance with the TSX Venture Exchange Policies.

Not for distribution to U.S. news wire services or dissemination in the United States

For further information, please contact:

Mark Kolebaba, President and CEO

Telephone: (604) 307-6450

Website: www.URZ3.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.