Generation Uranium Closes First Tranche of Private Placement

Vancouver, B.C. — October 2, 2025 — Leads & Copy — Generation Uranium Inc. (TSX Venture: [GEN]) has closed the first tranche of its non-brokered private placement for gross proceeds of $167,500 through the issuance of 3,350,000 units at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to purchase one additional share at $0.10 per share for two years from the issuance date.

The company paid a cash commission and issued 24,000 non-transferable broker warrants to Haywood Securities Inc. as finder’s fees. Each broker warrant allows the holder to acquire one share at $0.10 for two years from the issuance date.

The securities issued under the first tranche are subject to a statutory hold period expiring on February 3, 2026. Net proceeds will be used for general working capital, corporate purposes, and ongoing exploration activities. The offering remains subject to final approval of the TSX Venture Exchange.

Chris Huggins, Chief Executive Officer, can be reached at admin@generationuranium.com.

Generation Uranium is focused on the exploration and development of mineral properties and holds a 100% interest in the Yath Uranium Project in Nunavut.

Source: Generation Uranium