Canadian Uranium Corp. to Raise $2 Million Through Private Placement

Vancouver, British Columbia — June 24, 2026 — Leads & Copy — Canadian Uranium Corp. (CSE: CANU) announced Tuesday its intention to raise up to $2 million through a non-brokered private placement of 2,000,000 units at $1.00 per unit. The proceeds are earmarked for exploration of the company's Rook 2 and King South projects and for general working capital.

Each unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant grants the holder the right to purchase a common share at $1.50 for 24 months following the offering's closing. The warrants' expiry may be accelerated to 30 days if the common share closing price consistently reaches or exceeds $2.00 for 10 consecutive trading days.

The company also reserves the right to increase the offering size by up to 15% to accommodate over-allotments. The placement is contingent upon securing necessary regulatory and stock exchange approvals.

The offering is being conducted via private placement in Canada and through exemptions from registration requirements under the U.S. Securities Act of 1933, as amended, in the United States. Securities issued will be subject to a statutory hold period of four months and one day from the closing date.

Canadian Uranium Corp. may pay finders' fees to eligible parties who have assisted in introducing subscribers to the offering, in accordance with CSE policies. The company holds interests in Athabasca projects exceeding 40,000 hectares of prospective land, including option agreements on Rook 2, King South, and Castle South.

Canadian Uranium Corp. is an emerging uranium exploration and development company focused on the Athabasca Basin. The company's strategy involves assembling skilled technical teams and employing innovative exploration methodologies to advance its projects.

Source: TheNewswire