Generation Uranium Raises $361,072 in Private Placement for Canadian Exploration
July 28, 2026 — Leads & Copy — Generation Uranium Inc. has successfully closed its non-brokered private placement, raising $361,072 through the issuance of 4,011,921 units at $0.09 per unit. This offering, previously announced on July 3, 2026, will provide crucial funding for Canadian exploration expenses (CEE) that qualify as flow-through mining expenditures. Eligible investors are set to benefit from enhanced tax credits, including the 30% Critical Mineral Exploration Tax Credit and regular flow-through deductions.
Each unit comprises one flow-through common share and one-half of a share purchase warrant. Each whole warrant grants the holder the right to acquire one additional non-flow common share at $0.13 per share. These warrants are exercisable for 30 months, with an expiration date of January 24, 2029. The Company also reported paying $10,779.99 in finder’s fees. All securities issued under this placement are subject to a statutory hold period of four months and one day, concluding on November 25, 2026.
The gross proceeds from the private placement are designated for CEE, intended to further Generation Uranium’s exploration activities. The press release clarifies that the securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States or to U.S. persons unless an exemption from registration is available. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Generation Uranium is a Canadian exploration company dedicated to advancing high-quality uranium assets. Its primary asset, the Yath Project, is situated in Nunavut’s Angilak district, a region experiencing significant exploration activity in the uranium sector. Historical exploration at the Yath Project has yielded promising results, including surface samples assaying up to 9.8% U₃O₈ and a drill intersection of 1.0 meter grading 0.224% U₃O₈ from 25.5 meters in drillhole BOG-8-80.
With a diverse portfolio of high-priority targets within a recognized uranium district, Generation Uranium is strategically positioned to contribute to the global supply of clean nuclear energy. The company’s efforts are focused on making significant discoveries that support the future of nuclear power.
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