Global Uranium Corp. Announces a C$1,000,000 Charity Flow Through Offering

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Not intended for distribution to U.S. news wire services or for publication in the United States

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VANCOUVER, British Columbia, Dec. 19, 2024 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | OTCQB: GURFF | FRA: Q3J) (“a company“) is pleased to announce that it intends to complete a non-brokered charitable operation through a private placement of ordinary shares in the capital of the Company (“shares“”) at a price of US$1 per share for aggregate gross proceeds of up to CAD$1,000,000 (“an offerShares issued under the Offering are intended to qualify as “flow through shares” within the meaning of the Income Tax Act (Canada) (“).Tax law“).

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The gross proceeds from the share sale will be used to defray “Canadian exploration expenditures” on the Company’s projects, including the Northwest Athabasca Project, which are intended to qualify as “streaming mining expenditures” as those terms are defined in the tax code.

All securities issued in the offering will be subject to a statutory hold period of four months and one day. The closing of the Offer is subject to the Company receiving all necessary regulatory approvals, including approval from the Canadian Securities Exchange (“Private search engineThe offering is expected to close on or about December 31, 2024.

This width is in addition to the unit width (“Subtract the unit“), and with the offering, (“”Offers”) for gross proceeds of up to C$2,450,000 as described in the Company’s press release dated December 17, 2024. Both offerings are expected to close on or about December 27, 2024.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“US securities law”) or any state securities laws and 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 an exemption from such registration is available.

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About International Uranium Company

Global Uranium Corp. To explore and develop uranium assets primarily in North America. The company currently has major uranium projects: the Wing Lake property in the Mudjatik region in northern Saskatchewan, Canada; and the Northwest Athabasca joint venture with Forum Energy Metals Corp. and NexGen Energy Ltd. In the northwest Athabasca region of Saskatchewan, Canada; The Great Divide Basin area projects, the Gas Hills area projects, and the Copper Mountain area projects in Wyoming, USA.

On behalf of the Board of Directors

Aungad Chadda
CEO
587-330-0045
info@globaluranium.com

Forward-looking statements

Certain statements in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expects”, “believes”, “will”, “anticipates”, “estimates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on The Company’s current belief or assumptions regarding the outcome and timing of such future events.

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In particular, this press release contains forward-looking information relating to, among other things, the Offerings, including the expected total proceeds, the expected use of proceeds, the Company’s expectations that FT Shares will qualify as flow-through Shares as defined in the Tax Code and the closing of the Offerings (including (at that proposed closing date). Various assumptions or factors are typically applied in drawing the conclusions or making the projections or projections set forth in forward-looking information, including the assumption that the Company will close the offerings on the expected schedule, will raise the expected amount of gross proceeds from the offerings and will use the proceeds from the offerings as anticipated. (Including Canadian exploration expenses). These assumptions and factors are based on information currently available to the Company. Although these statements are based on reasonable assumptions by the Company’s management, the accuracy of any conclusions or forecasts cannot be guaranteed.

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Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. These factors include: the risk that offers may not close on the expected timeline, or at all; The risk that the Company will raise less than the expected amount of gross proceeds from offerings; the risk that the Company will not use the proceeds from the Offerings as currently anticipated, including that the Company does not use the gross proceeds from the sale of FT Shares to defray Canadian exploration expenses; the risk that FT shares may not qualify as flow-through shares as defined in the tax code; The risks inherent in the exploration and development of mineral deposits, including risks related to obtaining required permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain, and that the results of mineral exploration may not be indicative of the actual geology. or mineralization of the project; that mineral exploration may be unsuccessful or fail to achieve the results expected by the Company; operational risks; regulatory risks, including risks related to obtaining necessary licenses and permits; financing, capitalization and liquidity risks; ownership and environmental risks; and risks related to failure to obtain all required regulatory approvals. The forward-looking information contained in this release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Stock Exchange has not reviewed, approved or disapproved the contents of this news release

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