Boosted Flow-Through Private Placement by Purepoint Uranium to Reach $5,000,000
Purepoint Uranium Group Inc., a focused explorer with a dynamic portfolio of advanced projects within the Athabasca Basin in Canada, has increased the size of its non-brokered private placement from the initial $3 million to $5 million due to strong investor demand as of August 15, 2025.
The updated Offering comprises Saskatchewan flow-through units ("SFT Units") priced at $0.65 each. Each SFT Unit consists of one common share issued on a flow-through basis under the Canadian Income Tax Act ("SFT Share") plus one common share purchase warrant ("Warrant"). IsoEnergy Ltd., a joint venture partner, committed to investing $1,000,000 in this financing.
The proceeds from this Offering are intended to support Purepoint's projects, notably in the Athabasca Basin of Saskatchewan, including Dorado, Aurora, and Celeste. While the specific uses of proceeds are not explicitly stated, they generally align with advancing exploration and development activities at these projects.
The Offering was initially announced on August 13, 2025, at $3 million and included a combination of Saskatchewan flow-through units (SFT Units) and national flow-through units ("NFT Units") priced at $0.59, each consisting of one flow-through common share plus one warrant. The increase to $5 million pertains specifically to the SFT Units at $0.65 per unit.
Additional information from a separate source indicates the Offering final size was set at $6 million with full subscription, but the details beyond $5 million are not fully disclosed. However, the main confirmed increase is from $3 million to $5 million as detailed in the August 15, 2025 update.
The Company's activities are subject to various risks, including, but not limited to, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, and others detailed in the filings made by the Company with securities regulators.
For more information about Purepoint Uranium Group Inc., please visit their website at https://purepoint.ca. Chris Frostad, President & CEO of Purepoint Uranium Group Inc., can be reached at Phone: (416) 603-8368 or Email: [email protected]. You can also connect with Purepoint Uranium Group Inc. on LinkedIn: @Purepoint-Uranium and Twitter: @PurepointU3O8.
Please note that this press release contains forward-looking information regarding the activities, events, or developments that the Company expects or anticipates will occur in the future. The Company does not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as otherwise required by applicable securities legislation. The Exchange does not accept responsibility for the adequacy or accuracy of this Press release.
This press release is not for dissemination in the United States or through U.S. newswire services. IsoEnergy's participation in the Offering will be considered a "related party transaction" pursuant to Multilateral Instrument 61-101. Each Warrant entitles its holder to purchase one common share of the Company at an exercise price of $0.50 per share for a period of 24 months from the date of issuance. The Company may not use the proceeds of the Offering as anticipated, and the Offering may not be completed in a timely manner or on the terms as anticipated by management or at all. The Company may not receive regulatory approval with respect to the Offering.
[1] Purepoint Uranium Group Inc. Press Release - August 15, 2025 [2] Purepoint Uranium Group Inc. Website - https://purepoint.ca [3] Purepoint Uranium Group Inc. Press Release - August 13, 2025 [4] Additional source - Not publicly disclosed [5] IsoEnergy Ltd. Press Release - August 15, 2025
Investors have shown strong demand for Purepoint Uranium Group Inc.'s non-brokered private placement, resulting in an increase from initially $3 million to $5 million, as of August 15, 2025. IsoEnergy Ltd., a joint venture partner, has committed to investing $1,000,000 in this financing, which is aimed at supporting Purepoint's projects, particularly in the Athabasca Basin of Saskatchewan. This financing involves investing in stock-market offerings, specifically Saskatchewan flow-through units.
