Uranium One Mining Expands Canadian Critical Minerals and Uranium Portfolio Through Acquisition of the Foghorn and Pasfield Lake Properties

About this update from Uranium One Mining Corp.

Vancouver, BC – June 26, 2026 –TheNewswire - Uranium One Mining Corp. (“Uranium One" or the "Company") (CSE: UUU | OTC: UUUFD | FWB: SL5) is pleased to announce that it has entered into a share exchange agreement (the "Share Exchange Agreement") dated effective June 19, 2026, with 1583644 B.C. Ltd. ("NumberCo"), a private corporation incorporated under the laws of British Columbia, and the shareholders of NumberCo (the "NumberCo Shareholders"), pursuant to which Uranium One will acquire all of the issued and outstanding common shares of NumberCo (the "Transaction"). "The acquisition of the Foghorn and Pasfield Lake properties marks another important milestone in expanding Uranium One's Canadian uranium portfolio," said David Greenway, Chief Executive Officer of Uranium One Mining Corp. "These strategic additions provide exposure to two prospective exploration districts and further strengthen our pipeline of high-potential uranium assets. We look forward to advancing both projects and creating long-term value for our shareholders following the successful completion of the transaction." In connection with the Transaction, NumberCo has simultaneously entered into two property purchase agreements (collectively, the "Property Purchase Agreements") to acquire a 100% undivided legal and beneficial interest in each of: (i) the Foghorn mineral property located in British Columbia (the "Foghorn Property"), comprising certain Crown grants and mineral claims, from 0782618 B.C. Ltd.; and (ii) the Pasfield Lake mineral property located in Saskatchewan (the "Pasfield Lake Property"), comprising certain mineral claims, from Zadar Minerals Corp. The closing of the Property Purchase Agreements shall occur prior to or concurrently with the closing of the Transaction. No finder's fees or commissions are payable by the Company in connection with the Transaction. Transaction Structure Pursuant to the Share Exchange Agreement, Uranium One will acquire all of the issued and outstanding common shares of NumberCo in exchange for the issuance of an aggregate of 27,060,000 common shares of Uranium One (the "Consideration Shares") to the NumberCo Shareholders on a pro rata basis in accordance with their respective shareholdings. In connection with the closing of the Property Purchase Agreements, NumberCo will issue an aggregate of 12,060,000 additional common shares (the "Property Pu...

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