Generation Uranium secures nearly $800K for Canadian uranium exploration
Generation Uranium Inc. has raised $797,369 in the first part of its private placement. The company, listed on the TSX Venture Exchange, plans to use the funds for uranium and critical mineral exploration in Canada. A second funding round is expected to follow by June 2026. The first tranche saw the company issue 11,390,983 units at $0.07 each. Every unit includes one common share and half a share purchase warrant. Each full warrant can be exercised at $0.12 per share until May 29, 2028.
An insider contributed $20,020, receiving 286,000 units in return. The company also paid $9,811.20 in finder fees and issued 140,160 finder warrants. All securities from this round are under a four-month hold period, ending September 30, 2026. Generation Uranium focuses on high-quality uranium projects, including its flagship Yath Project in Nunavut’s Angilak district. The funds will support exploration, working capital, marketing, and project development. A final tranche aims to raise up to $1,000,000 by June 12, 2026.
The company now holds additional capital for its Canadian uranium and mineral projects. The second tranche, if completed, will bring total funding to $1,000,000. Shares and warrants remain restricted until the hold period expires in late September 2026.
