U92 Energy Corp. has closed its upsized non-brokered private placement, raising aggregate gross proceeds of $1,500,000 through the issuance of 3,750,000 units at a price of $0.40 per unit.

The financing will supply net proceeds to advance the Kurupung uranium project in Guyana, cover deferred cash consideration for the company's Guyana projects, and support general working capital and corporate purposes. Each unit under the offering comprises one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional share at an exercise price of $0.65 until August 27, 2030. In connection with the placement, U92 paid approximately $66,600 in finders' fees and issued 225,000 finder warrants exercisable at the offering price until August 27, 2028. All securities issued are subject to a four-month hold period and remain subject to final approval by the TSX Venture Exchange.

The private placement follows U92 Energy's earlier brokered public offering which closed on August 12, 2026.

"Completion of the Offering and the Company's $8 million brokered prospectus offering, which closed on August 12, 2026, will significantly help advance our exploration activities in Guyana by supporting local employment, contractors and service providers, as we continue to unlock the potential of our prospecting licenses and drive shareholder value"

— Adam Clode, CEO of U92

The combined capital supports upcoming operational milestones at Kurupung, where U92 Energy has entered into a commercial agreement with Orbit Garant Drilling for an inaugural 5,000-metre diamond drill program. Alongside the drilling campaign, U92 Energy intends to deliver an updated mineral resource estimate for the project.

Read the full announcement: U92 Energy Closes $1.5 Million Private Placement