Generation Uranium Announces Extension of Closing Date for Non-Brokered Private Placement
Vancouver, September 17, 2025 - Generation Uranium Inc. (TSXV: GEN) (OTCQB: GENRF) (FSE: W85) (the "Company" or "Generation") announces that, further to its news release dated July 11, 2025, the Company has received approval from the TSX Venture Exchange to extend the closing date of its non-brokered private placement until October 9, 2025. As previously announced, the private placement consists of up to 11,000,000 units of the Company at a price of $0.05 per unit for gross proceeds of up to $550,000. Each unit will consist of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of $0.10 per share for a period of 24 months from the closing date.
Chris Huggins, CEO of Generation Uranium, commented:
"We are pleased to have received an extension on this financing as investor interest continues to build following our recent European road show. This extension gives additional time for new and existing shareholders to participate and positions us to advance the Yath Project as uranium demand continues to strengthen globally."
All other terms of the offering remain unchanged.
FOR FURTHER INFORMATION CONTACT
Chris Huggins
Chief Executive Officer
chris@generationuranium.com
+1-604-968-4844
About Generation Uranium
The Company is a natural resource company engaged in the exploration and development of mineral properties. The Company holds a 100% interest in the Yath Uranium Project, located in the Territory of Nunavut.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Copyright (c) 2025 TheNewswire - All rights reserved.
