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UraniumX Upsizes LIFE Offering Due to Investor Demand
VANCOUVER, British Columbia — February 11, 2026 — Leads & Copy — UraniumX Discovery Corp. (CSE: STMN) has announced an upsize to its previously announced listed issuer financing exemption offering (LIFE Offering) due to strong investor demand. The LIFE Offering, initially announced on January 22, 2026, has been increased to up to 20,000,000 units for aggregate gross proceeds of up to $4,000,000.
The LIFE Offering was originally comprised of up to 7,500,000 units at a price of $0.20 per unit, with gross proceeds of up to $1,500,000.
Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $0.30 per share for a period of 36 months from the date of issuance. The warrant is exercisable beginning 60 days following the closing of the LIFE Offering. All other terms of the LIFE Offering remain unchanged.
The LIFE Offering is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and is available to purchasers resident in Canada, excluding Québec. Securities issued under the LIFE Offering will not be subject to a statutory hold period in accordance with applicable Canadian securities laws. An updated offering document related to the LIFE Offering is available under the company’s profile on SEDAR+ and on the company’s website. Prospective investors should read the offering document before making an investment decision.
The upsized LIFE Offering remains subject to the approval of the Canadian Securities Exchange and other applicable regulatory approvals and is expected to close on or before February 13, 2026, or another date the company may determine.
Proceeds from the LIFE Offering will be used for general working capital and corporate purposes, including exploration and development activities on the company’s Murphy Lake, Zoo Bay, and NeoCore uranium properties located in Saskatchewan’s Athabasca Basin.
UraniumX Discovery Corp. is encouraged by the strong investor response to the LIFE Offering and believes the increased financing positions it to meaningfully advance its exploration programs and strategic objectives in 2026.
UraniumX Discovery Corp. is a Canadian-based junior mineral exploration company focused on advancing uranium discovery in Canada's Saskatchewan Athabasca Basin. Its core assets sit on the eastern margin of the Athabasca Basin.
Murphy Lake Uranium Property is the company's flagship, where UraniumX is earning up to 70% through an option with F4 Uranium. The company also owns 100% of the Zoo Bay Uranium Project and holds a 100% interest in the NeoCore Uranium Property.
Exploration programs incorporate geophysics, drilling, and a research collaboration with the University of Saskatchewan.
Source: UraniumX Discovery Corp.