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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.