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Generation Uranium Announces Private Placement to Raise Up to $800,000
Vancouver, British Columbia — May 15, 2026 — Leads & Copy — Generation Uranium Inc. has announced a non-brokered private placement aiming to raise up to $800,000 through the issuance of up to 11,428,571 units at a price of $0.07 per unit.
Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase one common share at $0.12 per share, exercisable for two years from the financing's closing date.
The company intends to pay finders fees according to the policies of the TSX Venture Exchange. The private placement is contingent upon approval from the TSX Venture Exchange, and all securities are subject to a four-month hold period.
Generation Uranium plans to allocate the proceeds from the unit issuance to exploration activities on its Canadian uranium and critical mineral properties. The funds will also support general working capital, marketing initiatives, and project development.
The securities mentioned in the release have not been and will not be registered under the United States Securities Act of 1933 or any state securities laws. Therefore, they may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, or if an exemption from such registration is available. The release does not constitute an offer for sale or a solicitation of offers to buy securities. Any public offering of securities in the United States must be made via a prospectus containing detailed company and management information, as well as financial statements.
Further to the Company’s news release of May 12, 2026, the TSX Venture Exchange has requested further details in relation to engagement of Plutus Invest & Consulting GmbH (“Plutus”). The marketing agreement is for a term of 12 months commencing May 12, 2026 and ending May 11, 2027. Plutus is a Bremen, Germany-based firm specializing in European investor relations, marketing services, and consulting, notably engaged by Canadian mining companies for European market outreach. Marco Massina is Managing Director of Plutus. Plutus has a business address at Buchtstrasse 13, Bremen 28195, Germany, and can be contacted via email (contact@plutuinves.de) or by phone: (+49 42117540174). Registered at Amtsgericht Bremen | Registration No. HRB 39550 HB | Managing Director Marco Messina Steuernummer | TAX-ID: 60 126 20118 Finanzamt Bremen, Germany, Umsatzsteuer-ID | VAT: DE366956957.
Plutus will consult with Generation Uranium's management to build corporate awareness through its network in Europe. Mr. Messina is independent of Generation Uranium, and his only relationship with the company is the marketing agreement. He does not hold any securities of Generation Uranium, nor does he intend to purchase any. His interests are to provide investment services. The company will pay €100,000 to Plutus this month, with additional payments up to €250,000 possible if the company extends the initial campaign. These marketing services will be funded from general working capital.
Generation Uranium is focused on advancing high-quality uranium assets in premier jurisdictions. Its flagship Yath Project is located in Nunavut’s Angilak district. The company aims to contribute to the global supply of clean nuclear energy with its growing portfolio of high-priority targets and exposure to proven mineralized trends.
The uranium market in 2026 is strengthening, driven by a supply deficit and increasing global demand. Spot prices exceeded US$100/lb earlier in the year, as mine production struggles to meet reactor requirements. Demand growth is fueled by AI-powered data centers and increases in nuclear generation capacity in China, India, and the United States. Long-term contract prices have surpassed spot prices, indicating a sustained trend as utilities secure supply.
A sector report released by Shaw and Partners in February 2026 forecasts a multi-year uranium price spike toward US$200/lb. The report cites tightening fuel contracting cycles, rising nuclear demand, and supply shortfalls as key factors.
The report also highlights a growing gap between uranium supply and long-term reactor demand. Global nuclear capacity consumes about 180 million pounds (Mlb) of U₃O₈ annually, while existing mine production delivers about 150 Mlb. The World Nuclear Association's reference scenario projects significant expansion of global nuclear capacity by 2040, potentially pushing annual uranium consumption toward 390 Mlb.
Shaw and Partners’ modeling indicates that new mine supply requirements this decade could exceed 350 Mlb, considering depletion of existing operations. Structural supply deficits could surpass 200 Mlb per year in the coming decades without new large-scale uranium projects.
The uranium market is expected to remain tight, with low inventories and rising demand leading utilities to adopt long-term contracting strategies. This strengthens the outlook for exploration-stage companies in proven and emerging uranium districts.
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Source: Generation Uranium Inc.