UraniumX Discovery Corp. Completes Private Placement

Vancouver-based UraniumX Discovery Corp. has successfully closed the first tranche of a non-brokered private placement, as announced on March 31, 2026. The company issued 6,176,471 flow-through shares at $0.17 each, raising gross proceeds of $1,050,000.07. The proceeds are earmarked for exploration expenses in Canada, enhancing the Murphy Lake and Zoo Bay properties.

The issued securities are subject to a statutory hold period until August 1, 2026. In connection with the offering, UraniumX paid $73,500 in finder's fees. The company plans to use the funds for ongoing exploration in the Athabasca Basin, one of the premier uranium districts globally.

UraniumX emphasizes the potential tax benefits for subscribers, as the shares qualify as flow-through shares under Canadian law. This strategic financial move is aligned with the company’s focus on advancing high-potential assets in Saskatchewan.