Generation Uranium (TSXV:GEN)

Generation Closes Non-Brokered Flow Through Private Placement

Generation Uranium Inc. (CSE: GEN, OTCQB: GENRF, FRA: W85) (“Generation” or the “Company”) is pleased to announce that, further to its news release of July 3, 2026, it has closed its non-brokeredprivate placement (the “Offering”) and has raised $361,072 through the issuance of 4,011,921 units (the “Units”) at a price of $0.09 per Unit. Each unit consists of one flow through common share and one-half of one share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to purchase one additional non-flow common share a price of $0.13 per Warrant share exercisable for 30 months expiring January 24, 2029.

The Company paid finders fees of $10,779.99. All securities issued are subject to a statutory hold period of four months and one day expiring November 25, 2026.

The gross proceeds from the Offering will be used for Canadian exploration expenses (CEE) that qualify as flow-through mining expenditures. Eligible Investors will be entitled to claim the enhanced 30% Critical Mineral Exploration Tax Credit as well as regular flow-through deductions.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. “United States” and “U.S. person” have the respective meanings assigned in Regulation S under the U.S Securities Act.

About Generation Uranium

Generation Uranium is a Canadian exploration company focused on advancing high‑quality uranium assets in premier jurisdictions. Its flagship Yath Project is located in Nunavut’s Angilak district, one of Canada’s most active and rapidly emerging uranium camps. Historic work has reported with historic results surface samples up to 9.8% U₃O₈ and 1.0 m at 0.224% U₃O₈ from 25.5 m in drillhole BOG-8-80.

With a growing portfolio of high‑priority targets in a well‑understood uranium district, Generation Uranium is well positioned to make discoveries that contribute meaningfully to the future global supply of clean nuclear energy.

For Further Information

Michael Collins, P.Geo., CEO

+1(778) 819-7881

admin@generationuranium.com

Roger Leschuk, CIM, FCSI -VP Corporate Development

rleschuk@generationuranium.com

+1(604) 720-4544

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution to United States Newswire Services or for dissemination in the United States

Click here to connect with Generation Uranium Inc. (CSE: GEN, OTCQB: GENRF, FRA: W85) to receive an Investor Presentation

Source

GEN:CC
Generation Uranium

Generation Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Generation Uranium (TSXV:GEN)

Generation Uranium

High-grade uranium potential in the underexplored Thelon Basin in Nunavut, Canada

High-grade uranium potential in the underexplored Thelon Basin in Nunavut, Canada Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

American Uranium (AMU:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Scott Melbye, uranium.

Scott Melbye: Uranium Prices, Stocks Setting Up for Year-End Rally

Scott Melbye of Uranium Energy (NYSEAMERICAN:UEC) and Uranium Royalty (NASDAQ:UROY) shares his latest thoughts on uranium, prices, supply and demand. In his view, the setup has never been better, and uranium stocks will soon start to pick up steam. "It's incredibly bullish. I think it's a great... Keep Reading...
Brazil on map.

Brazil Proposes Opening Uranium Sector to Private Investment

Brazil plans to break the state monopoly on its uranium mining sector by allowing private investment and operational partnerships, provided the government retains at least a 20 percent stake in each venture, as noted in a draft regulation according to media reports.The proposal would authorize... Keep Reading...
The Australian flag with a blue background, white stars, and the Union Jack in the upper left corner.

Australia and India Finalize Uranium Trade Deal

Australia and India finalized a long-delayed administrative arrangement on Thursday to permit Australian uranium exports to New Delhi, breaking a decade-long regulatory stalemate.The agreement permits commercial shipments under strict International Atomic Energy Agency (IAEA) safeguards to... Keep Reading...
Generation Uranium

Generation Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News