Purepoint Uranium closes first tranche of private placement for $456,038

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) completed the first tranche of its private placement on August 29, 2025, raising $456,038.14 through the sale of 772,946 flow-through units at $0.59 per unit.

Each flow-through unit consists of one common share issued on a flow-through basis under Canada's Income Tax Act and one warrant. The warrants allow holders to purchase additional common shares at $0.50 per share for 24 months from the issue date.

The company paid $27,362.29 in finders' fees and issued 46,377 compensation warrants to Haywood Securities Inc., Raymond James Ltd., and Accilent Capital Management Inc. The compensation warrants carry the same $0.50 exercise price and 24-month term as the unit warrants.

Purepoint plans to close the second tranche of the private placement around September 5, 2025. The company stated the offering book is fully subscribed and no additional subscriptions will be accepted.

The net proceeds will fund exploration and advancement of the company's projects in Saskatchewan's Athabasca Basin. All securities from the first tranche are subject to a four-month hold period expiring December 30, 2025.

The closing remains subject to final acceptance by the TSX Venture Exchange. Purepoint operates uranium exploration projects in partnerships with Cameco Corporation, Orano Canada Inc., and IsoEnergy Ltd.

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