VANCOUVER, BC — January 19, 2026 — Leads & Copy — North Shore Uranium Ltd. (TSX-V:NSU) has announced the closing of its non-brokered private placement offering, which occurred on January 16, 2026. The offering, initially announced on December 11, 2025, and January 14, 2026, generated gross proceeds of $3,232,500 through the issuance of 12,930,000 units.
Each unit was priced at $0.25 and includes one common share of the company and one-half of a share purchase warrant. Each whole warrant allows the holder to purchase one common share at $0.40 for two years from the offering’s closing.
The warrants are subject to an accelerated expiry provision. If the volume-weighted average price of North Shore’s common shares on the TSX Venture Exchange equals or exceeds $0.80 for 10 consecutive trading days, the warrants will expire 30 days after the company notifies warrant holders or issues a news release announcing the acceleration, at the company’s discretion.
The company intends to use the net proceeds from the offering for exploration of the Rio Puerco uranium project in New Mexico, continued exploration of its Saskatchewan uranium properties, to cover the costs of the offering, and for general working capital.
North Shore also paid cash finder’s fees of $18,500 and issued 74,000 non-transferable finder’s warrants to certain arm’s length finders in connection with the offering. These warrants allow the holder to acquire one common share of the company at $0.25 per share for two years from the closing date.
The securities issued are subject to a four-month and one-day hold period under applicable securities laws. The offering is conditional upon receiving all necessary regulatory approvals, including approval from the TSXV.
Brooke Clements, Director, President, and CEO of North Shore Uranium, participated in the offering. This participation is considered a related party transaction under Multilateral Instrument 61-101. However, Mr. Clements’ purchase did not materially change his percentage of ownership in the company. North Shore is exempt from obtaining a formal valuation and minority shareholder approval due to the insider participation not exceeding 25% of the company’s market capitalization, as per MI 61-101.
The company’s board of directors approved the offering, with Mr. Clements abstaining from voting on resolutions related to his participation. No director expressed any materially contrary view or abstention.
North Shore Uranium aims to capitalize on the growth of the nuclear power industry, driven by the need for CO2 emission-reduction and the energy demands of new technologies like AI. The company focuses on exploring for economic uranium deposits in established jurisdictions such as Saskatchewan and New Mexico. North Shore is actively exploring Rio Puerco in New Mexico and its Falcon and West Bear properties in Saskatchewan, while also evaluating additional opportunities in the United States and Canada.
Brooke Clements is the President, Chief Executive Officer and Director of North Shore Uranium Ltd.
For further information, contact Brooke Clements at 604.536.2711 or b.clements@northshoreuranium.com.
Source: North Shore Uranium
