Stallion Uranium Corp. announced a non-brokered private placement of up to 4,687,500 Federal flow-through units at a price of CAD 0.32 per FFT Unit for gross proceeds of CAD 1,500,000, up to 4,166,667 Saskatchewan flow-through units at the price of CAD 0.36 per SFT Unit for the gross proceeds of CAD 1,500,000.12 and up to 4,545,454 units at a price of CAD 0.22 per unit for gross proceeds of CAD 999,999.88; for total gross proceeds of CAD 4,000,000 on January 23, 2024. Each FFT unit will consist of one common share of the company to be issued as a flow-through share and one-half of one common share purchase warrant.

Each SFT Unit will consist of one common share to be issued as a flow-through share and one-half of one Warrant. Each Unit will consist of one common share of the company and one half of one Warrant. Each Warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.36 at any time on or before that date which is 24 months after the closing date of the Offering.

Upon closing of the Offering, the company may pay to certain eligible finders a cash finder?s fee of up to 7% of the aggregate gross proceeds of the Offering. The company may also issue to such finders non-transferrable warrants of the company exercisable at any time prior to the date that is 24 months from the closing date to acquire that number of common shares of the company equal to 7% of the number of offered securities issued under the Offering, at an exercise price of CAD 0.22 per common share of the company, subject to adjustment in certain events. The Offering is scheduled to close on or around February 2, 2024 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.