Stallion Uranium Announces Flow-Through and Non-Flow Through Private Placements for Gross Proceeds of up to $12M

Core Viewpoint - Stallion Uranium Corp. has announced a non-brokered private placement to raise up to $12 million through the issuance of flow-through and non-flow-through units at a price of $0.20 per unit, with the first tranche expected to close by August 15, 2025 [1] Group 1: Offering Details - The Offering consists of up to 60,000,000 units, including flow-through units (FT Units) and non-flow-through units (NFT Units) [1] - Each FT Unit includes one flow-through common share and one FT Warrant, allowing the purchase of an additional FT Share at $0.26 for 60 months [2] - Each NFT Unit consists of one non-flow-through common share and one NFT Warrant, permitting the purchase of an additional NFT Share at $0.26 for 60 months [3] Group 2: Use of Proceeds - Gross proceeds from FT Units will be allocated to exploration expenditures on resource claims in Saskatchewan, qualifying as "Canadian exploration expenses" [5] - Net proceeds from NFT Units will be directed towards exploration and development activities in the Athabasca Basin, as well as for working capital and general corporate purposes [5] Group 3: Regulatory and Approval Requirements - The Offering is subject to corporate and regulatory approvals, including the TSX Venture Exchange, and requires disinterested shareholder approval due to the creation of a new Control Person [6] - The Company plans to seek approval from disinterested shareholders holding over 50% of its common shares to approve the creation of the new Control Person [6] - Insiders will participate in the Offering, which is expected to be exempt from formal valuation and minority shareholder approval requirements [7] Group 4: Company Overview - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which contains the largest high-grade uranium deposits globally, covering approximately 1,700 square kilometers [10] - The Company holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [10]