Uranium American Resources Inc (UAR) Signs Agreement for $3.5 Million Capital Raise to Complete the Purchase of JAG Minerals Pty Ltd

Rhea-AI Summary

Uranium American Resources Inc (OTC Pink:TNGL) has secured a $3.5 million capital raise from a US institutional investor to complete its acquisition of JAG Minerals Pty Ltd. The funding comes through a unit transaction priced at $0.06 per share, representing a premium to UAR's current market price.

The deal includes warrants allowing the investor to purchase additional shares at $0.10 per share over a 48-month period. The company has raised over $4.0 million in the past twelve months. UAR also plans to implement a reverse stock split to reduce outstanding shares.

Positive

• Capital raise of $3.5 million at premium to current share price
• Total of $4.0 million raised in last 12 months shows strong investor interest
• Warrants priced at $0.10/share, representing potential upside
• Planned reverse split to improve share structure

Negative

• Potential dilution from new share issuance
• Additional dilution possible from warrant exercise
• Reverse split may negatively impact trading liquidity

• Over US$4.0 million of Capital Raised in the last twelve months to advance and complete the previously announced transaction

• US$3.5 million raised from one US institutional investor at a significant premium to UAR's current share price

WOODLAND HILLS, CALIFORNIA / ACCESS Newswire / July 15, 2025 / Uranium American Resources Inc (OTC Pink:TNGL "UAR" or the "Company") is pleased to inform shareholders that it has entered into a binding agreement with one US institutional investor to fund a significant equity investment. This raise will allow the Company to complete the acquisition of 100% of the issued shares of JAG Minerals Pty Ltd which holds 100% of the shares in JAG Minerals US Inc ("JAG US").

The capital raise is for an amount of US$3.5 million dollars in a unit transaction at a significant premium to UAR's current share price. The key terms of the transaction are as follows:

• US$3.5 million of common stock priced at $0.06/share;

• One (1) warrant that will allow the holder to purchase additional shares at $0.10/share for 48 months;

• Closing and funding to occur shortly

UAR CEO William Hunter stated, "This financing is a key milestone in completing our JAG Transaction, which will be completed very shortly. In addition, we will also be completing the reverse split which will significantly reduce the amount of shares outstanding. The combination of these events are very exciting for the Company and we look forward to moving UAR forward very quickly."

The Company was advised on this transaction by its corporate advisors, EAS Advisors LLC, acting through Odeon Capital Group LLC - Member of FINRA/SIPC/MSRB/NFA.

Enquiries

For further information, please contact:

William Hunter
Interim CEO, Uranium American Resources, Inc.
M: +1 203 856 7285
E: bhunter@tonogold.com

SOURCE: Uranium American Resources, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the size and price of TNGL's latest capital raise?

Uranium American Resources secured a $3.5 million capital raise priced at $0.06 per share from a US institutional investor.

What are the terms of the warrants in TNGL's capital raise?

The deal includes warrants allowing the investor to purchase additional shares at $0.10 per share over a 48-month period.

How will TNGL use the proceeds from the $3.5M capital raise?

The proceeds will be used to complete the acquisition of 100% of JAG Minerals Pty Ltd, which owns JAG Minerals US Inc.

How much capital has TNGL raised in the past 12 months?

Uranium American Resources has raised over $4.0 million in the last twelve months to advance and complete the JAG Minerals transaction.

What corporate changes is TNGL planning alongside this capital raise?

TNGL plans to implement a reverse stock split that will significantly reduce the number of shares outstanding.