UraniumX Raises $1.05 Million in Flow-Through Share Financing for Athabasca Exploration

An announcement from Stearman Resources, Inc. ( (TSE:STMN) ) is now available.

UraniumX Discovery Corp. has closed the first tranche of a non-brokered private placement, issuing 6,176,471 flow-through shares at $0.17 each for gross proceeds of just over $1.05 million. The securities are subject to a statutory hold period until August 1, 2026, and the company paid $73,500 in cash finders’ fees connected to the financing.

The proceeds will fund Canadian exploration expenses to be renounced to investors and will primarily support ongoing and planned exploration at the Murphy Lake and Zoo Bay uranium properties. The financing strengthens UraniumX’s ability to advance its Athabasca Basin exploration portfolio, underpinning its efforts to progress high-potential uranium targets in a globally significant mining jurisdiction.

More about Stearman Resources, Inc.

UraniumX Discovery Corp. is a Canadian uranium exploration company focused on advancing high-potential assets in Saskatchewan’s Athabasca Basin, one of the world’s leading uranium districts. Its portfolio includes the Murphy Lake, Zoo Bay, and NeoCore properties, located along the basin’s eastern margin near established infrastructure and known high-grade deposits, where it employs geophysics, drilling, and academic collaborations to enhance discovery potential.

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