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UraniumX (OTC:STMXF) reports financial strength ahead of its spring 2026 drill program at Murphy Lake. As of Feb 28, 2026 the company held $5,310,730 cash, $5,983,872 working capital and $9,605,741 shareholders' equity.
The company has $2,123,000 in flow-through commitments for Canadian exploration through Dec 31, 2026, is finalizing an MLEM survey at Murphy Lake, and confirmed a fully funded spring drill program. UraniumX also launched a redesigned website and engaged Machai Capital for a three-month digital marketing campaign for $300,000 plus GST.
UraniumX Discovery (OTC:STMXF) entered a letter of intent dated April 27, 2026 with Pond Technologies to grant Pond an option to acquire 100% of the Zoo Bay Uranium Project in Saskatchewan's Athabasca Basin. Pond may earn its interest by issuing 16,000,000 shares, paying $350,000 over three years, and funding $4,500,000 in exploration.
The 15-claim project totals ~19,850 hectares; completion remains subject to a definitive agreement, TSXV approval, Pond shareholder approval and customary conditions.
UraniumX (OTC:STMXF) closed the final tranche of a non-brokered private placement on April 16, 2026, bringing aggregate gross proceeds to $1,162,200.07. Under the final tranche the company issued 660,000 flow-through shares at $0.17 per share for $112,200.
The FT Shares will qualify under subsection 66(15) of the Income Tax Act (Canada) and proceeds are earmarked for exploration at the Murphy Lake and Zoo Bay properties. Securities carry a statutory hold period expiring August 17, 2026, and the company paid $7,854 in finder’s fees for the final tranche.
UraniumX Discovery Corp (OTCID:STMXF) closed the first tranche of a non-brokered private placement on March 31, 2026. The company issued 6,176,471 flow-through shares at $0.17 each for gross proceeds of $1,050,000.07.
Proceeds will fund exploration at Murphy Lake and Zoo Bay, with Canadian exploration expenses to be renounced to subscribers effective December 31, 2027. Securities are subject to a statutory hold until August 1, 2026. Finder's fees of $73,500 were paid in connection with the offering.
UraniumX Discovery (OTC:STMXF) is funding a 9.2 line‑km MLEM ground geophysical survey at Murphy Lake, Saskatchewan, ahead of a planned spring 2026 drill program to refine targets 5 km south of IsoEnergy's Hurricane Deposit.
The company also granted 1,500,000 RSUs and launched a non‑brokered flow‑through offering of up to 8,823,529 FT shares for $1.5M to fund exploration at Murphy Lake and Zoo Bay.