Premier American Uranium Upsizes Private Placement to C$13 Million

Premier American Uranium Inc. has announced an increase in its bought deal private placement to C$13 million, driven by strong investor demand. The agreement involves Red Cloud Securities Inc. as the lead underwriter to purchase 14,444,444 units at C$0.90 each, comprising one share and one-half of a warrant. Each entire warrant allows the purchase of a share at C$1.26 within 36 months of closing.

The closing date is anticipated around February 3, 2026, with proceeds aimed at funding exploration projects in New Mexico and Wyoming. An additional option to purchase 2,222,222 units for around C$2 million is available to underwriters until 48 hours before closing.

These units are offered across Canada, excluding Quebec, and in the U.S. under certain exemptions. An amended offering document is accessible on SEDAR+ for further details. Required regulatory approvals, including TSX Venture Exchange's, are still pending.