Purepoint Uranium Completes First Tranche of Private Placement for $456,038.14, Targets Second Tranche on September 5, 2025.

Purepoint Uranium Group has closed the first tranche of its private placement, raising $456,038.14 through the sale of 772,946 traditional flow-through units at $0.59 per unit. The net proceeds will be used for exploration and advancement of the company's projects in the Athabasca Basin, Saskatchewan. A second tranche is expected to close on or around September 5, 2025.

Purepoint Uranium Group Inc. (OTCQB: PTUUF) has successfully closed the first tranche of its private placement, raising $456,038.14 through the sale of 772,946 traditional flow-through units at $0.59 per unit. The net proceeds will be directed towards exploration and advancement of the company's projects in the Athabasca Basin, Saskatchewan. The company anticipates closing the second tranche of the private placement on or around September 5, 2025.

The private placement was executed at a price of $0.59 per unit, with each flow-through unit consisting of one common share and one common share purchase warrant. The warrants allow holders to purchase one common share at an exercise price of $0.50 per share for a period of 24 months from the date of issue. The closing of the first tranche is subject to final acceptance by TSX Venture Exchange.

In connection with the closing of the first tranche, the company paid finders' fees totaling $27,362.29 in cash and issued 46,377 non-transferable compensation warrants. Each compensation warrant entitles its holder to purchase one common share at an exercise price of $0.50 per share for a period of 24 months from the closing date.

Purepoint Uranium Group is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The company holds promising uranium projects currently operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc., and IsoEnergy Ltd. Additionally, the company holds a promising VHMS project optioned to and strategically positioned adjacent to and on trend with Foran Corporation's McIlvena Bay project.

The net proceeds from the private placement will be used for exploration and advancement of the company's projects in the Athabasca Basin. All securities issued in connection with the closing of the first tranche are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of December 30, 2025.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-29:newsml_NFC16JRc6:0-purepoint-uranium-closes-first-tranche-of-private-placement/
[2] https://finance.yahoo.com/news/cosa-identifies-two-kilometres-strong-120000900.html