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UraniumX Discovery Announces Subsequent Upsizing Of Life Offering Due To Strong Investor Demand
VANCOUVER, British Columbia, February 12, 2026 – TheNewswire - UraniumX Discovery Corp. (“UraniumX” or the “Company”) (CSE: STMN) is pleased to announce that, d
About this update from Uraniumx Discovery Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, February 12, 2026 – TheNewswire - UraniumX Discovery Corp. (“UraniumX” or the “Company”) (CSE: STMN) is pleased to announce that, due to strong investor demand, it has upsized its previously announced listed issuer financing exemption offering (the “LIFE Offering”), announced on January 22, 2026 February 10, 2026. On February 10, 2026, the LIFE Offering was upsized to 20,000,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of up to $4,000,000. Due to strong demand, the LIFE Offering has been increased to up to 21,550,000 Units for aggregate gross proceeds of up to $4,310,000. Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $0.30 per share for a period of 36 months from the date of issuance, and is exercisable beginning 60 days following the closing of the LIFE Offering. All other terms of the LIFE Offering remain unchanged. As previously announced, the LIFE Offering is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, and is available to purchasers resident in Canada, excluding Québec. Securities issued under the LIFE Offering will not be subject to a statutory hold period in accordance with applicable Canadian securities laws. An updated offering document related to the LIFE Offering is available under the Company’s profile on SEDAR+ and on the Company’s website. Prospective investors should read the offering document before making an investment decision. The upsized LIFE Offering remains subject to the approval of the Canadian Securities Exchange and other applicable regulatory approvals and is expected to close on February 13, 2026, or such other date as the Company may determine. Proceeds from the LIFE Offering will be used for general working capital and corporate purposes, including exploration and development activities on the Company’s Murphy Lake, Zoo Bay, and NeoCore uranium properties located in Saskatchewan’s Athabasca Basin. The Company is encouraged by the strong investor response to the LIFE Offering and believes the increased financing positions UraniumX to meaningfully advance its exploration programs and strategic objectives in 2026. The Company...