UraniumX Upsizes Financing as Investor Demand Fuels Athabasca Exploration Push

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

UraniumX Discovery Corp. has increased the size of its listed issuer financing exemption offering to up to 21,550,000 units at $0.20 each, boosting potential gross proceeds to $4.31 million after strong investor demand, with each unit comprising a common share and a three‑year warrant exercisable at $0.30. The financing, which remains subject to Canadian Securities Exchange approval, is expected to close on February 13, 2026, and aims to fund working capital and exploration on the Murphy Lake, Zoo Bay and NeoCore uranium properties in Saskatchewan’s Athabasca Basin.

In tandem, UraniumX has launched a flow‑through share offering of up to 4,444,444 shares at $0.225 to raise an additional $1 million for qualifying Canadian exploration expenditures on its Canadian projects. The company says the strong response to these financings enhances its ability to advance exploration programs and pursue its strategic objectives in 2026, potentially strengthening its position in the competitive Athabasca uranium exploration sector.

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, one of the world’s premier high‑grade uranium districts. Its core assets include the flagship Murphy Lake property, where it can earn up to 70%, and the 100%‑owned Zoo Bay and NeoCore uranium projects, all strategically located near established uranium infrastructure and known conductive and structural trends.

The company’s projects target high‑grade uranium potential along the eastern margin of the basin, adjacent to notable geological domains and historic uranium‑thorium occurrences. UraniumX employs geophysics, drilling and a research collaboration with the University of Saskatchewan, using quartz‑degradation analytics to refine exploration targets and advance its portfolio in a well‑supported mining jurisdiction.

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