Premier American Uranium Inc. announced a private placement of up to 2,040,817 subscription receipts at a price of CAD 2.45 per subscription receipt for the gross proceeds of up to CAD 5,000,001.65 on April 11, 2024. The Agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional 408,164 Subscription Receipts at the Offering Price for additional gross proceeds of up to CAD 1,000,002. The Offering is expected to include lead orders of at least CAD 1.5 million in the aggregate from Sachem Cove Partners, and Mega Uranium Ltd. Each Subscription Receipt will entitle the holder thereof to automatically receive, upon satisfaction or waiver, as applicable, of certain escrow release conditions one unit of the company.

Each Unit will be comprised of one common share and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share at a price of CAD 3.50 for a period of 24 months following the closing of the Offering. The Offering is expected to close on or around May 2, 2024.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day following the date of closing of the Offering.