Stearman Resources Closes First Tranche of Private Placement

November 14, 2025 — Leads & Copy — Stearman Resources Inc. (CSE: STMN) has announced the closing of the first tranche of its non-brokered private placement, raising gross proceeds of $1,500,000.

The First Tranche consisted of the issuance of 10,000,000 non-flow-through units (NFT Units) at a price of $0.15 per NFT Unit. Each NFT Unit includes one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to acquire one share at $0.30 for 24 months from the issuance date.

The securities issued under the First Tranche are subject to a statutory hold period of four months and one day from the issuance date, as per applicable securities laws.

In connection with the First Tranche, the Company paid cash finder’s fees totaling $49,500. Additional finder’s fees of $12,500 were paid through the issuance of 81,000 finder’s shares at $0.15 each, along with 411,000 non-transferable finder’s warrants. Each Finder’s Warrant enables the holder to acquire one share at $0.30 for 24 months from the date of issuance.

Stearman Resources intends to use the net proceeds from the First Tranche for general working capital and corporate purposes.

CEO Lester Esteban stated the company is pleased with the strong investor support demonstrated in the first tranche. He added that this financing is an important step forward as Stearman advances its corporate objectives and positions for growth.

The securities issued in the Offering have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons without U.S. registration or an applicable exemption. The press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States or any jurisdiction where such an offer, solicitation, or sale would be unlawful.

Stearman Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and the USA. The Company holds a 100% interest in the NeoCore Uranium Property in the Athabasca Basin, Saskatchewan, consisting of 6 mineral claims covering 13,012 hectares. Additionally, Stearman holds an option for up to a 70% interest in the Murphy Lake Uranium Property (609 hectares) and owns a 100% interest in the Zoo Bay Uranium Property (15 mineral claims covering 19,850 hectares), both also located in the Athabasca Basin.

Lester Esteban, CEO

Contact: Howard Milne, President Email: hdmcap@shaw.ca Telephone: (604) 377-8994

Source: Stearman Resources Inc.