U92 Energy Closes $8 Million Public OƯering
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 Closes $8 Million Public OƯering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
August 12, 2026 – Toronto, ON – U92 Energy Corp. (“U92” or the “Company”) (TSXV: UTWO) is pleased
to announce the closing of its previously announced brokered public oƯering (the “Public OƯering”) of
20,125,000 units of the Company (the “ Units”) at a price of $0.40 per Unit (the “ OƯering Price ”),
including 2,625,000 Units issued as a result of the full exercise of the over-allotment option granted to
the Agents, for aggregate gross proceeds to the Company of $8,050,000.
The Public OƯering was completed pursuant to an agency agreement dated August 6, 2026 among the
Company, Haywood Securities Inc. and Jett Capital Advisors, LLC, as co-lead agents, and Ventum
Financial Corp. (collectively, the “Agents”).
Each Unit was comprised 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 entitles the holder to acquire one Share at an exercise price of $0.65 per Share until August 12,
2030.
The net proceeds from the Public 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 more particularly disclosed in the Company’s short form prospectus
dated August 6, 2026.
In connection with the Public OƯering, the Agents received an aggregate cash commission of $429,720
and 1,074,300 broker warrants (the “Broker Warrants”) to purchase up to 1,074,300 common shares of
the Company (the “Broker Warrant Shares”). Each Broker Warrant is exercisable to acquire one Broker
Warrant Share at the OƯering Price until August 12, 2028. The Public OƯering is subject to final approval
by the TSX Venture Exchange (the “TSXV”).
The Company also announces that it expects to close its previously announced non-brokered private
placement of up to 3,750,000 Units at the O Ưering Price for gross proceeds of up to $1,500,000, as
announced on July 23, 2026 and August 6, 2026, on or about August 19, 2026 or such other date as
determined by the Company. The Company previously upsized the non-brokered private placement
from $1,000,000 (2,500,000 Units) to $1,500,000 (3,750,000 Units), as announced on August 6, 2026.
The non-brokered private placement is subject to approval by the TSXV .
This news release does not constitute an o Ưer to sell or a solicitation of an o Ưer to buy nor shall there
be any sale of any of the securities in any jurisdiction in which such o Ưer, solicitation or sale would be
unlawful, including in the United States. The securities described herein have not been, and will not be,
registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”) or
any state securities laws and may not be oƯered or sold within the United States or to, or for account or
benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under
the U.S. Securities Act and applicable state securities laws, or an exemption from such registration
requirements is available.
On behalf of U92 Energy Corp.
Adam Clode
Chief Executive OƯicer
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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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 historic
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
current estimates, beliefs, intentions and expectations. They are not guarantees of future performance.
Such forward-looking statements include statements relating to the use of the net proceeds of the
Public OƯering, the size and timing of closing of the non-brokered private placement, 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 di Ưer 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.