02:47 PM EDT, 09/02/2025 (MT Newswires) -- Stallion Uranium ( STLNF ) was at last look up 10% on Tuesday after it closed a second and final tranche of its previously announced non-brokered private placement of units and flow-through units raising $15 million in total.

The company said the closing consisted of near 22.3 million units at $0.20 per NFT unit for about $4.5 million and 30.1-million flow-through units at $0.20 per FT unit for $6 million-plus. Including the first and second tranches of the offering, Stallion Uranium ( STLNF ) has issued about 43.5-million NFT units and 31.5-million FT units for $15 million.

A statement noted each FT unit consists of one flow-through common share in the capital of the company and one share purchase warrant. Each NFT Warrant entitles the holder to purchase one additional non-flow-through common share in the capital of the company at a price of $0.26 per NFT Warrant Share for a period of 60 months from the date of issuance.

Proceeds raised from the issuance of the FT units will be used to incur exploration expenditures on its resource claims in the province of Saskatchewan and will constitute "Canadian exploration expenses." The net proceeds raised from the issuance of the NFT units will be used for exploration and development activities of its Athabasca Basin properties and for working capital and general corporate needs.

Upon completion of the offering, a new shareholder that holds or controls 20% or more of the company's shares, Matthew Mason, was created through his purchase of 15 million FT Units.

Shares of the company were last seen up $0.015 at $0.315 on the TSX Venture Exchange.

Price: 0.33, Change: +0.03, Percent Change: +10.00