North Shore Closes $1.4 Million Non-brokered Private Placement & Enters

North Shore Uranium Ltd. (TSXV:NSU) (“North Shore” or the “Company“) is pleased to announce that it has closed the non-brokered private placement as previously announced on August 7, 2025 (the “Offering“), through the issuance of 24,055,000 non-flow-through units (the “NFT Units“) at a purchase price of $0.05 per NFT Unit and 3,034,922 flow-through units (the “FT Units“) at a purchase price of $0.065 per FT Unit for total aggregate gross proceeds of $1,400,020.

The Company also announces it has entered into a definitive option agreement (the “Option Agreement“) with Resurrection Mining LLC (“Resurrection“), an arm’s length party, to acquire up to 87.5% of the Rio Puerco uranium project (“Rio Puerco” or the “Project“) located in northwestern New Mexico (the “Transaction“). The signing of a binding term sheet (the “Term Sheet“) was announced on June 24, 2025.

Brooke Clements, President and CEO of North Shore stated: “This is a very exciting milestone for North Shore. The private placement was significantly oversubscribed and we would like to thank our existing shareholders and new shareholders for their support. The Rio Puerco project in New Mexico hosts a significant historical uranium resource and offers us exposure to a uranium project in the USA with excellent upside, at a time when the US government is increasing its support for the nuclear power and uranium mining sectors. The Company plans to work towards confirming and expanding upon previous work at Rio Puerco while further assessing the potential for in-situ uranium recovery. North Shore now has uranium exposure in two North American jurisdictions that have seen significant uranium production, the Grants Uranium District in New Mexico and the Athabasca Basin in Saskatchewan, at a time when the world is moving to increase its reliance on nuclear power.”

$1.4 Million Private Placement

Each NFT Unit consists of one non-flow-through common share and one-half of one share purchase warrant (each whole share purchase warrant, a “Warrant“). Each FT Unit consists of one flow-through common share and one-half of one Warrant. Each Warrant entitles the holder to purchase one non-flow through common share (each a “Warrant Share“) at a price of $0.10 per Warrant Share for a period of two years from the date of closing the Offering.

The net proceeds of the Offering will be used to complete the Transaction, exploration of the Project, continued exploration of the Company’s Saskatchewan uranium properties, the costs of the Offering and for general working capital.

In connection with the Offering, the Company paid cash finder’s fees of $13,500 and issued 228,462 non-transferable finder’s warrants to certain arm’s length finders. The non-transferable finder’s warrant is exercisable to acquire one common share of the Company at a price of $0.10 per share for a period of two years from the date of closing the Offering.

All securities issued in connection with the Offering are subject to a four-month and one-day…