Business
UraniumX Discovery Closes Upsized $4.31 Million LIFE Financing
VANCOUVER, British Columbia – TheNewswire - February 13, 2026 – UraniumX Discovery Corp. (CSE: STMN) (the “Company” or “UraniumX”) is pleased to announce that i
About this update from Uraniumx Discovery Corp.
[{"type":"text","content":"VANCOUVER, British Columbia – TheNewswire - February 13, 2026 – UraniumX Discovery Corp. (CSE: STMN) (the “Company” or “UraniumX”) is pleased to announce that it has successfully closed its upsized listed issuer financing exemption offering (the “LIFE Offering”), as previously announced January 22, 2026, February 10, 2026, and February 12, 2 “This financing represents a significant milestone for UraniumX,” said Esen Boldkhuu, Chief Executive Officer. “The strength of investor participation reflects growing confidence in our Athabasca Basin portfolio and our technical approach. With a strengthened treasury, we are positioned to execute our 2026 exploration strategy and capitalize on the constructive fundamentals across the uranium sector.” Pursuant to the LIFE Offering, the Company issued an aggregate of 21,550,000 units (each, a “Unit”) at a price of $0.20 per Unit, for gross proceeds of $4,310,000. Each Unit consists of one common share of the Company and one common share purchase warrant (a “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. The LIFE Offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and was available to purchasers resident in Canada, excluding Québec. Securities issued under the LIFE Offering are not subject to a statutory hold period in accordance with applicable Canadian securities laws. The net proceeds of the LIFE Offering will be used for general working capital and corporate purposes, including the advancement of exploration and development activities on the Company’s Murphy Lake, Zoo Bay, and NeoCore uranium properties located in Saskatchewan’s Athabasca Basin. In connection with the LIFE Offering, the Company paid an aggregate of $161,140.00 in cash finder’s fees to arm's length finders. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This pre...