Generation Uranium Announces Announces Closing Of Second And Final Tranche Of Private Placement

Core Points - Generation Uranium Inc. has successfully closed the second and final tranche of its non-brokered private placement, issuing 10,400,000 common shares at a price of $0.05 per share, resulting in gross proceeds of $520,000 [1] - The total gross proceeds from both tranches amount to $687,500 through the issuance of 13,750,000 common shares [1] - The proceeds from the Offering will be allocated for general working capital and corporate purposes [2] Regulatory and Compliance - All securities issued under the second tranche are subject to a hold period expiring on February 18, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies [2] - The Company has received conditional approval from the TSXV for the Offering, with the securities subject to final acceptance [2] Stock Options - The Company has granted a total of 2,625,000 stock options to certain directors, officers, and consultants, each exercisable to acquire one common share at a price of $0.075 per share for a period of two years from the date of grant [3] - The options are subject to the terms of the Company's stock option plan and TSX Venture Exchange policies [3] Company Overview - Generation Uranium is engaged in the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [4]