Uranium One Mining Announces Upsized $2M Private Placement

About this update from Uranium One Mining Corp.

Vancouver, BC – TheNewswire - May 1, 2026 – Uranium One  Mining Corp. ("Uranium One" or the "Company") (UUU: CSE | UUUFF: OTCID | SL51: Frankfurt) announces that it has increased the size of its previously announced non-brokered private placement, as disclosed in its April 30, 2026 news release (the “Private Placement”). The offering consists of a combination of non-flow-through units (each, an “NFT Unit”) and flow-through units (each, an “FT Unit”), for aggregate gross proceeds of up to CAD $2,000,000. The upsized Private Placement comprises up to 3,333,333 NFT Units at a price of CAD $0.30 per NFT Unit and up to 3,333,333 FT Units at a price of CAD $0.30 per FT Unit. Each NFT Unit will consist of one common share of the Company (a “Share”) and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Share for a period of twelve (12) months from the date of issuance at a price of CAD $0.50 per Share. Each FT Unit will consist of one common share of the Company that qualifies as a “flow-through share” within the meaning of the Income Tax Act (Canada) (an “FT Share”) and one Warrant. Each Warrant will entitle the holder to acquire one Share for a period of twelve (12) months from the date of issuance at a price of CAD $0.50 per Share. If the Company’s common shares close at or above CAD $0.75 per Share for a period of five (5) consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a news release or other permitted notice to the holders thereof. In such event, the Warrants will expire on the date that is thirty (30) days following the date of such notice. The Warrants will include a provision restricting exercise if such exercise would result in the holder, together with any persons acting jointly or in concert with the holder, owning 10% or more of the issued and outstanding common shares of the Company immediately following such exercise. The Company intends to use the net proceeds of the Private Placement for exploration and drilling programs, property payments, and general working capital. The Company will incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) and “flow-through critical mineral mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada) (collectivel...

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