UraniumX Raises $4.31 Million to Advance Athabasca Basin Uranium Projects

Stearman Resources, Inc. ( (TSE:STMN) ) has issued an announcement.

UraniumX Discovery Corp. has closed an upsized listed issuer financing exemption offering, raising gross proceeds of $4.31 million through the sale of 21.55 million units at $0.20 each, with attached warrants exercisable at $0.30 for three years. The financing, which drew strong investor participation, strengthens the company’s treasury to fund its 2026 exploration strategy and advance work on the Murphy Lake, Zoo Bay, and NeoCore uranium projects in the Athabasca Basin, reinforcing its growth plans in a supportive uranium market.

Conducted under the Canadian listed issuer financing exemption and available to investors in most provinces, the offering’s securities are free from statutory hold periods, potentially enhancing liquidity for participants. Net proceeds, after payment of $161,140 in finder’s fees, are earmarked for general working capital and exploration programs that combine geophysics, drilling, and academic research partnerships to refine target selection across UraniumX’s Saskatchewan portfolio.

More about Stearman Resources, Inc.

UraniumX Discovery Corp. is a Canadian junior mineral exploration company focused exclusively on uranium discoveries in Saskatchewan’s Athabasca Basin. Its key assets include the flagship Murphy Lake property under option, and 100%-owned Zoo Bay and NeoCore projects, all positioned near established high-grade uranium districts and existing mining infrastructure.

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Technical Sentiment Signal: Buy

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