Announcement • May 20
Standard Uranium Ltd. announced that it has received CAD 0.9 million in funding On May 19, 2026, Standard Uranium Ltd. closed the transaction. The company issued 9,000,000 units at a price of CAD 0.10 for gross proceeds of CAD 900,000. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company at a price of CAD 0.15, commencing on the 61st day after the closing date of the Offering (the “Closing Date”) until 36 months from Closing date. In connection with closing of the Offering, the Company paid a finder’s fee of CAD 54,000 and issued 540,000 non-transferable share purchase warrants (each, a “Finders’ Warrant”) to an arm’s-length party who assisted in introducing subscribers to the Offering. Each Finders’ Warrant is exercisable on the same terms as the Warrants. The Finders’ Warrants are subject to a four month, and a day hold period expiring on September 20, 2026. The Offering was conducted in reliance on the Listed Issuer Financing Exemption and, as a result, the Units issued to subscribers in the Offering are not subject to a hold period in accordance with applicable Canadian securities laws. Announcement • May 12
Standard Uranium Ltd. announced that it expects to receive CAD 0.9 million in funding Standard Uranium Ltd. has announced a life offering to issue up to 9,000,000 units at an issue price of CAD 0.10 per per unit for gross proceeds of up to CAD 900,000 on May 11, 2026. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.15 per share for a period of 36 months following the closing date of the private placement. The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. Completion of the Offering, remain
subject to the approval of the TSXV. New Risk • Apr 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.4m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.1m free cash flow). Earnings have declined by 9.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (151% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.4m market cap, or US$9.84m). 
