Generation Uranium Inc announced a non-brokered private placement of up to 4,000,000 units at a price 0.25 per unit for aggregate gross proceeds of up to CAD 1,000,000 on March 15, 2024. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of CAD 0.45 per share at any time up to 24 months following the closing date of the private placement. .

All securities issued under the offering and including warrants will be subject to a four-month holding period. The transaction is subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation.