The preliminary prospectus is still subject to completion and amendment. The preliminary short form prospectus and the Registration Statement contain important detailed information relating to the Company and the Offering. Securities and Exchange Commission (the "SEC") for the offering to which this communication relates but has not yet become effective. A registration statement on Form F-10 (including such prospectus) (the "Registration Statement") has also been filed with the U.S. The preliminary short form prospectus for the Offering of the Units has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces of Canada except Québec. In addition, if the Company is not able to complete a potential loan transaction contemplated by a non-binding term sheet prior to February 15, 2023, the Company expects to use a portion of the proceeds from the Offering to fund amounts required to be paid to complete the Company's previously announced pending acquisition of the Alta Mesa ISR uranium project (the "Alta Mesa Acquisition"). The Company expects to use the net proceeds from the Offering to maintain and advance the Company's material properties, acquire properties, plant upgrades, drilling, maintenance and refurbishment, community outreach and communications, licensing and permitting and for general corporate and working capital purposes in the manner as set forth in the preliminary short form prospectus. In addition, the Company has granted the Underwriters an option to purchase up to an additional 15% of the Units of the Offering on the same terms and conditions exercisable at any time, in whole or in part, until 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any. The closing of the Offering will be subject to market and other customary conditions, including approvals of the TSX Venture Exchange and the NYSE American. ![]() The definitive size and pricing of the Offering, as well as the terms of the Warrants, will be determined in the context of the market at the time of entering into a definitive underwriting agreement between the Company and the Underwriters. ![]() Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share"). Each Unit will consist of one common share in the capital of the Company (each a "Unit Share") and one-half of one common share purchase warrant (each a "Warrant").
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