Premier American Uranium Initiates C$10 Million Private Placement

Premier American Uranium Inc. has unveiled a bought deal private placement agreement with Red Cloud Securities Inc. The deal involves the purchase of 11,111,112 units for C$0.90 per unit, generating gross proceeds of C$10 million. Each unit encompasses one common share and half of a common share purchase warrant. Warrant holders can acquire one additional share at C$1.26 each, up to 36 months post-closing date.

The company may also extend the offer by including an extra 2,222,222 units, potentially increasing proceeds by C$2 million. Closing is slated for February 3, 2026, conditional on obtaining necessary approvals. The funds aim to support uranium projects in New Mexico and Wyoming, alongside general corporate purposes.