URANIUMX CLOSES UPSIZED $4.31 MILLION LIFE FINANCING
VANCOUVER, British Columbia, February 13, 2026 – UraniumX Discovery Corp. (CSE: STMN) is pleased to announce that it has successfully closed its previously announced upsized listed issuer financing exemption offering (the "LIFE Offering").
Offering Details
Pursuant to the LIFE Offering, the Company issued an aggregate of 21,550,000 units 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. 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.
Regulatory Framework
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.
Use of Proceeds
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.
Management Commentary
This financing represents a significant milestone for UraniumX. 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 emerging across the uranium sector.
– Esen Boldkhuu, Chief Executive Officer
Finder's Fees
In connection with the Offering, the Company paid aggregate cash finder's fees of $161,140 to arm's length finders.
US Disclosure
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 press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About UraniumX Discovery Corp.
UraniumX Discovery Corp. is a Canadian-based junior uranium exploration company focused on advancing high-potential assets in Saskatchewan's Athabasca Basin, one of the world's premier uranium districts. The Company's portfolio includes the Murphy Lake, Zoo Bay, and NeoCore uranium properties, strategically positioned along the eastern margin of the Basin near established infrastructure and high-grade deposits. UraniumX's exploration programs integrate geophysics, drilling, and academic research collaborations to enhance target generation and discovery potential.
Mineral Resource Cautionary: The Company has not defined any mineral resources or mineral reserves on any of its properties. There is no guarantee that exploration will result in the discovery of an economic mineral deposit.
Adjacent Properties: References to mineralization, deposits, mines, and resources on adjacent or nearby properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.