Purepoint Uranium completes $6 million private placement financing

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) closed the final tranche of its $6 million private placement on September 5, 2025, according to a company statement.

The final tranche consisted of 5,768,824 Saskatchewan charity flow-through units at $0.65 per unit for gross proceeds of $3.75 million and 3,041,295 national charity flow-through units at $0.59 per unit for gross proceeds of $1.79 million.

Each flow-through unit includes one common share issued on a flow-through basis under Canada's Income Tax Act and one warrant exercisable at $0.50 per share for 24 months. Combined with the first tranche that closed August 29, 2025, the company issued 9.58 million total units for aggregate gross proceeds of $6 million.

IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) acquired 2,531,646 Saskatchewan flow-through units in the placement. Following completion, IsoEnergy owns 9,864,980 common shares and 5,864,980 warrants, representing 12.57% of Purepoint's outstanding shares on a non-diluted basis and 18.65% on a partially diluted basis assuming warrant exercise.

The company paid finder's fees totaling $106,662 in cash and issued 264,111 compensation warrants to Ventum Financial Corp., Stephen Avenue Securities Inc., and Canaccord Genuity Corp.

Proceeds will fund exploration and advancement of the company's projects in Saskatchewan's Athabasca Basin. All securities are subject to a four-month hold period expiring January 6, 2026, pending final TSX Venture Exchange acceptance.

"This final tranche not only completes our raise but strengthens our alignment with IsoEnergy," said Chris Frostad, president and CEO of Purepoint.

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