On February 8, 2024, Stallion Uranium Corp. closed the transaction. The company issued 4,779,460 Federal flow-through units at a price of CAD 0.32 per FFT Unit for gross proceeds of CAD 1,529,427.2, 4,248,318 Saskatchewan flow-through units at an issue price of CAD 0.36 per SFT Unit for the gross proceeds of CAD 1,529,394.48 and 3,750,001 units at an issue price of CAD 0.22 per Unit for the gross proceeds of CAD 825,000.22; aggregate gross proceeds of CAD 3,883,821.9. Each FFT unit will consist of one common share of the company to be issued as a flow-through share and one-half of one common share purchase warrant. Each SFT Unit will consist of one common share to be issued as a flow-through share and one-half of one Warrant. Each Unit will consist of one common share of the company and one half of one Warrant. Each Warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.36 at any time on or before that date which is 24 months after the closing date of the Offering. Pursuant to the Offering, the Company has paid a total of CAD 196,696 and issued an aggregate 805,194 finder?s warrants to arm?s-length parties, with each non-transferable finder?s warrant exercisable at any time prior to the date that is 24 months from the closing date to acquire common shares of the Company at an exercise price of CAD 0.22 per common share. In addition, the Company has paid CAD 100,000 as an advisory fee to Canaccord Genuity Corp. The Offering is subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 29 placees and 2 pro groups for 75,000 non flow-through units and 7 pro groups for 976,000 federal flow-through units.