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UTWO.V ·

U92 Energy Announces Filing of Final Short Form Prospectus in Connection with Public OƯering

Financings

U92 ENERGY CORP.

U92 Energy Corp.

200 Bay Street, South Tower, Suite 2800, Toronto, ON, Canada M5J 2J3

T: +1 (800) 567-8181 - E: [email protected] - W: www.u92corp.com

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U92 Energy Announces Filing of Final Short Form Prospectus in Connection

with Public OƯering

- FINAL SHORT FORM PROSPECTUS ACCESSIBLE ON SEDAR+ -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

August 7, 2026 – Toronto, ON – U92 Energy Corp. (“U92” or the “Company”) (TSXV: UTWO) is pleased

to announce that, further to its previously announced public oƯering (the “Public OƯering”) of units of

the Company (the “Units”), as announced on July 22, 2026 and July 23, 2026, it has filed a final short

form prospectus dated August 6, 2026 (the “ Final Prospectus ”) with the securities regulatory

authorities in each of the provinces of Canada, except Québec, and it has entered into an agency

agreement with Haywood Securities Inc. and Jett Capital Advisors, LLC, as co-lead agents, and Ventum

Financial Corp. (collectively, the “Agents”) in respect of the Public OƯering.

The Final Prospectus qualifies the distribution of a minimum of 10,000,000 Units and a maximum of

17,500,000 Units at a price of $0.40 per Unit (the “ OƯering Price ”) for gross proceeds between

$4,000,000 and $7,000,000, and up to an additional 3,750,000 Units at the O Ưering Price pursuant to

the over-allotment option granted to the Agents.

In addition, the Company is pleased to announce that it has increased its previously announced non-

brokered private placement to up to 3,750,000 Units (from 2,500,000 Units) at the O Ưering Price for

gross proceeds of up to $1,500,000 (from $1,000,000) (the “Non-Brokered OƯering” and together with

the Public OƯering, the “OƯering”).

Each Unit will consist of one common share of the Company (each, a “ Share”) and one-half of one

common share purchase warrant (each whole common share purchase warrant, a “ Warrant”). Each

Warrant will entitle the holder to acquire one Share at a price of $0.65 per Share for a period of 48 months

following the date of issuance.

The net proceeds from the OƯering will be used to advance U92’s Kurupung uranium project in Guyana,

for payment of deferred cash consideration for the Guyana projects and for general working capital and

corporate purposes, as disclosed in the Final Prospectus.

The Agents will receive upon closing of the Public O Ưering compensation comprised of a cash

commission equal to 6% of the gross proceeds of the Public O Ưering and non -transferable broker

warrants of the Company (the “Broker Warrants”) to purchase such number of Shares as is equal to 6%

of the Units sold in the Public O Ưering (subject to a reduction, in each case, to 2% for Units sold to

purchasers on a president’s list). Each Broker Warrant will entitle the holder to acquire one Share at the

OƯering Price for a period 24 months following the date of issuance. The Company may pay finder’s fees

in connection with the Non- Brokered O Ưering to eligible finders in accordance with applicable

securities laws and policies of the TSXV comprised of a cash fee equal to up to 6% of the gross proceeds

of the Non-Brokered OƯering and Broker Warrants as is equal to up to 6% of the Units sold in the Non -

Brokered OƯering.

The OƯering is expected to close on or about August 12, 2026, or such other date as the Company and

Agents may agree. Closing of the O Ưering is subject to certain conditions, including but not limited to

the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”). All

U92 Energy Corp.

200 Bay Street, South Tower, Suite 2800, Toronto, ON, Canada M5J 2J3

T: +1 (800) 567-8181 - E: [email protected] - W: www.u92corp.com

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securities issued in connection with the Non-Brokered OƯering will have a statutory hold period of four

months and one day from the closing date in accordance with applicable securities laws.

Access to the Final Prospectus and any amendment thereto is provided in accordance with securities

legislation relating to procedures for providing access to a prospectus and any amendment. The Final

Prospectus is accessible under the Company’s profile on SEDAR+ at www.sedarplus.ca. Alternatively,

an electronic or paper copy of the Final Prospectus and any amendment to such document may be

obtained, without charge, from the Agents by email at [email protected] by providing the contact with

an email address or address, as applicable. The Final Prospectus contains important, detailed

information about the Company and the O Ưering. Prospective investors should read the Final

Prospectus in its entirety before making an investment decision.

The securities oƯered pursuant to the OƯering have not been registered under the U.S. Securities Act of

1933, as amended, and may not be o Ưered or sold in the United States absent registration or an

applicable exemption from the registration requirements. This news release shall not constitute an oƯer

to sell or the solicitation of an oƯer to buy nor shall there be any sale of the Units or securities comprising

the Units in any jurisdiction in which such o Ưer, solicitation or sale would be unlawful pr ior to

qualification or registration under the securities laws of such jurisdiction.

On behalf of U92 Energy Corp.

Adam Clode

Chief Executive OƯicer

For further information, visit www.u92corp.com or contact:

Adam Clode

Email: [email protected]

Tel: +1 (800) 567-8181

About U92 Energy Corp.

U92 Energy Corp. is a Canadian exploration company listed on the TSX Venture Exchange. The Company

is focused on the exploration, and advancement of its high-quality, advanced-staged uranium assets in

South America.

The Company’s flagship Kurupung project (“Kurupung”), is situated in the Republic of Guyana, boasting

over 129,723 metres of drilling and a historical Indicated mineral resource of 10.6 million pounds (Mlbs),

and an Inferred mineral resource of 10.0Mlbs, at a cut- oƯ grade of 0.03% (300ppm) U₃O₈. The hist oric

mineral resource occurs in four deposits where mineralization remains open along strike and down

plunge. There are eight additional targets in which prior drilling intersected significant uranium grades

that remain to be followed up with further drilling.

Through systematic exploration, and disciplined capital allocation, the Company aims to unlock the full

value of Kurupung while positioning itself as a leading uranium-focused exploration and development

company in South America.

To find out more about U92 Energy Corp. (TSX-V: UTWO), visit the Company’s website at

www.u92corp.com

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this news release contains “forward-looking information” within the meaning of

applicable Canadian securities laws (“forward-looking statements”). Forward-looking statements that

are based on assumptions as of the date of this news release. These statements reflect management’s

U92 Energy Corp.

200 Bay Street, South Tower, Suite 2800, Toronto, ON, Canada M5J 2J3

T: +1 (800) 567-8181 - E: [email protected] - W: www.u92corp.com

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current estimates, beliefs, intentions and expectations. They are not guarantees of future performance.

Such forward-looking statements include statements relating to the OƯering, including the completion

and anticipated timing for completion of the O Ưering, the potential size of the O Ưering, any exercise of

the Over-Allotment Option, regulatory and exchange approvals including the receipt of approval from

the TSXV, and the Company’s exploration and development plans. U92 cautions that all forward-looking

statements are inherently uncertain and that actual performance may be a Ưected by many material

factors, many of which are beyond their respective control. Such factors include, among other things:

risks and uncertainties relating to U92’s limited operating history, its exploration and development

activities on its mineral properties and the need to comply with environmental and governmental

regulations. Accordingly, actual and future events, conditions and results may diƯer materially from the

estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information.

Except as required under applicable securities legislation, U92 does not undertake to publicly update or

revise forward-looking information.

Neither 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.