Stallion Uranium Corp. announced a non-brokered private placement of units at a price of CAD 0.085 per unit; and flow-through units at a price of CAD 0.09 per flow-through unit; for aggregate gross proceeds of up to CAD 1,500,000 on July 16, 2024. Each unit will consist of one common share and one-half of one transferable warrant.

Each flow-through unit will consist of one flow-through common share and one-half of one warrant. Each warrant will entitle the holder to purchase one common share for twenty-four months at a price of CAD 0.12 per share. The offering is subject to TSX Venture Exchange approval.

All securities to be distributed under the offering will be subject to a hold period of four months and one day following the closing date of the offering. The company may pay finders fees consisting of 7% cash and 7% warrants in connection with the offering. The warrants shall bear the same terms as the warrants issued under the flow-through unit and units pursuant to the offering.