Business
Stearman Resources Announces Final Tranche Closing of Private Placement and Director Appointment
VANCOUVER, BRITISH COLUMBIA – December 12, 2025 – TheNewswire - Stearman Resources Inc. (CSE: STMN) (“Stearman” or the “Company”) is pleased to announce that it
About this update from Uraniumx Discovery Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA – December 12, 2025 – TheNewswire - Stearman Resources Inc. (CSE: STMN) (“Stearman” or the “Company”) is pleased to announce that it has closed the final tranche (the “Final Offering”) of both its non-brokered private placement of flow-through units (the “FT Units”) and the non-brokered private placement of non-flow-through units (the “NFT Units”). The Company has raised an aggregate of $1,979,999.40 through the issuance of NFT Units and an aggregate of $2,123,000 through the issuance of FT Units during the course of the financing. Under the Final Offering, the Company issued an aggregate of 3,490,000 FT Units at a price of $0.20 per FT Unit, for gross proceeds of $698,000. Each FT Unit is comprised of one flow-through common share and one-half of one common share purchase warrant (each whole warrant, a “FT Warrant”), with each whole warrant entitling the holder to purchase one additional common share at an exercise price of $0.30 for a period of twenty-four (24) months from the date of issuance. Under the Final Offering, the Company issued an aggregate of 3,199,996 NFT Units at a price of $0.15 per NFT Unit, for gross proceeds of $479,999.40. Each NFT Unit is comprised of one common share (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Share at a price of $0.30 for a period of twenty-four (24) months from the date of issuance. All securities issued in connection with the Final Offering are subject to a statutory hold period of four (4) months and one (1) day from the date of issuance, in accordance with applicable securities laws. The FT Units will qualify as “flow-through shares” as defined in subsection 66(15) of the Income Tax Act (Canada). The gross proceeds of the First Tranche will be used to incur qualifying Canadian exploration expenses that will be renounced to purchasers of the FT Units in accordance with the Income Tax Act (Canada) and applicable regulations. In connection with the Final Offering, the Company paid aggregate cash finder’s fees totaling $26,880 and 134,400 finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder to acquire one Share at a price of $0.30 for a period of twenty-four (24) months from the date of issuance. In addition, the Company is anno...