UraniumX Closes Upsized $4.31 Million LIFE Financing

 
 

VANCOUVER, British Columbia – TheNewswire – February 13, 2026 – UraniumX Discovery Corp. (CSE: STMN) (the “Company” or “UraniumX”) is pleased to announce that it has successfully closed its upsized listed issuer financing exemption offering (the “LIFE Offering”), as previously announced January 22, 2026, February 10, 2026, and February 12, 2026.

 

“This financing represents a significant milestone for UraniumX,” said Esen Boldkhuu, Chief Executive Officer. “The strength of investor participation reflects growing confidence in our Athabasca Basin portfolio and our technical approach. With a strengthened treasury, we are positioned to execute our 2026 exploration strategy and capitalize on the constructive fundamentals across the uranium sector.”

 

Pursuant to the LIFE Offering, the Company issued an aggregate of 21,550,000 units (each, a “Unit”) at a price of $0.20 per Unit, for gross proceeds of $4,310,000.

 

Each Unit consists of one common share of the Company and one common share purchase warrant (a “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, and is exercisable beginning 60 days following the closing of the LIFE Offering.

 

The LIFE Offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and was available to purchasers resident in Canada, excluding Québec. Securities issued under the LIFE Offering are not subject to a statutory hold period in accordance with applicable Canadian securities laws.

 

The net proceeds of the LIFE Offering will be used for general working capital and corporate purposes, including the advancement of exploration and development activities on the Company’s Murphy Lake, Zoo Bay, and NeoCore uranium properties located in Saskatchewan’s Athabasca Basin.

 

In connection with the LIFE Offering, the Company paid an aggregate of $161,140.00 in cash finder’s fees to arm’s length finders.

 

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

About UraniumX Discovery Corp.

 

UraniumX Discovery Corp. is a Canadian-based junior mineral exploration company, singularly focused on advancing uranium discovery in Canada’s Saskatchewan Athabasca Basin. Its core assets sit on the eastern margin of the Athabasca Basin, a premier global district known for hosting 10 of the world’s top 15 highest-grade uranium deposits.

 

Murphy Lake Uranium Property is the Company’s flagship, where UraniumX is earning up to 70% through an option with F4 Uranium. Adjacent to the world-class Wollaston Domain, the property benefits from conductors, strong alteration, and proven 2022 drilling that intercepted anomalous radioactivity near the Basin’s unconformity.

The Company also owns 100% of the Zoo Bay Uranium Project (15 claims; 19,850 ha), positioned near structural and magnetic features historically linked to uranium-thorium occurrences and conductivity corridors near Newnham Lake and neighbouring claims.

 

UraniumX further holds a 100% interest in the NeoCore Uranium Property (6 claims; 13,012 ha), located 65 km southeast of McArthur River Mine, within a stable, high-grade mining district supported by mills, power, all-season roads, and established exploration infrastructure.

 

Exploration programs incorporate geophysics, drilling, and a research collaboration with University of Saskatchewan leveraging quartz-degradation analytics to sharpen target selection.

 

On Behalf of UraniumX Discovery Corp.

Esen Boldkhuu, CEO

 

Contact:

UraniumX Discovery Corp.

Esen Boldkhuu, CEO

Email: [email protected]

Telephone: (604) 377-8994

Website: www.uraniumx.ca

 

Forward-looking statements

 

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements in this release include, but are not limited to, statements regarding the terms, timing, of the LIFE Offering, the anticipated use of proceeds, and the Company’s future plans, objectives, and exploration activities. Forward-looking statements are based on the reasonable assumptions, estimates, and opinions of management as of the date such statements are made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks related to fluctuations in market conditions, volatility in equity and capital markets, the speculative nature of mineral exploration and development, environmental risks, reliance on key personnel, and changes in laws and regulations. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances after the date hereof.

 

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking information contained herein, except as required by applicable securities laws.

 

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

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