<div id="readability-page-1"><article>NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.Premier American Uranium Inc. (&#34;PUR&#34;, the &#34;Company&#34; or &#34;Premier American Uranium&#34;) (TSXV:PUR)(OTCQB:PAUIF) is pleased to announce that, as a result of strong investor demand, the Company has entered into an amended agreement with Red Cloud Securities Inc. (&#34;Red Cloud&#34;) as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (the &#34;Underwriters&#34;), pursuant to which the Underwriters have now agreed to purchase for resale 14,444,444 units of the Company (the &#34;Units&#34;) at a price of C$0.90 per Unit for gross proceeds of C$13,000,000 (the &#34;Offering&#34;).Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a &#34;Warrant&#34;). Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of C$1.26 at any time on or before that date which is 36 months after the Closing Date (as herein defined).The Company has agreed to grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 2,222,222 Units at the Offering Price for additional gross proceeds of up to approximately C$2,000,000 (the &#34;Underwriters' Option&#34;).The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's uranium projects in New Mexico and Wyoming as well as for working capital and general corporate purposes.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (&#34;NI 45-106&#34;), a portion of the Units will be offered for sale to purchasers resident in all of the provinces of Canada except Quebec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the &#34;Listed Issuer Financing Exemption&#34;). The securities sold to purchasers resident in Canada under the Listed Issuer Financing Exemption are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation.A portion of the Units will also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the &#34;U.S. Securities Act&#34;), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities offered to purchasers outside of Canada will not be sold pursuant to the Listed Issuer Financing Exemption, but instead will be issued pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 and are also not expected to be subject to a four-month hold period in Canada.There is an amended and restated offering document (the &#34;Amended Offering Document&#34;) dated January 22, 2026 related to the Offering and the use by the Company of the Listed Issuer Financing Exemption that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.premierur.com. Prospective investors should read this Amended Offering Document before making an investment decision.The Offering is anticipated to close on or about February 3, 2026 (the &#34;Closing Date&#34;), or such other date as the Company and Red Cloud may agree. Completion of the Offering is subject to certain conditions including but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.About Premier American Uranium Inc.Premier American Uranium is focused on consolidating, exploring, and developing uranium projects across the United States to strengthen domestic energy security and advance the transition to clean energy. The Company's extensive land position spans five of the nation's top uranium districts, with active work programs underway in New Mexico's Grants Mineral Belt and Wyoming's Great Divide and Powder River Basins.Backed by strategic partners including Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other leading institutional investors, PUR is advancing a portfolio supported by defined resources and high-priority exploration and development targets. Led by a distinguished team with deep expertise in uranium exploration, development, permitting, operations, and uranium-focused M&amp;A, the Company is well positioned as a key player in advancing the U.S. uranium sector.For More Information, Please Contact:Premier American Uranium Inc. Colin Healey, CEOinfo@premierur.com Toll-Free: 1-833-223-4673 Twitter: @PremierAUranium www.premierur.comNeither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Cautionary Statement Regarding Forward-Looking InformationThis news release contains &#34;forward-looking information&#34; within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation, statements regarding the closing of the Offering, the anticipated closing date of the Offering, the intended use of proceeds from the Offering, the filing of the Amended Offering Document and the receipt of regulatory approvals for the Offering. Generally, but not always, forward-looking information and statements can be identified by the use of words such as &#34;plans&#34;, &#34;expects&#34;, &#34;is expected&#34;, &#34;budget&#34;, &#34;scheduled&#34;, &#34;estimates&#34;, &#34;forecasts&#34;, &#34;intends&#34;, &#34;anticipates&#34;, or &#34;believes&#34; or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results &#34;may&#34;, &#34;could&#34;, &#34;would&#34;, &#34;might&#34; or &#34;will be taken&#34;, &#34;occur&#34; or &#34;be achieved&#34; or the negative connotation thereof.Forward-looking information and statements are based on our current expectations, beliefs, assumptions, estimates and forecasts about PUR's business and the industry and markets in which it operates. Such forward-information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, the completion, timing and results of planned exploration activities being consistent with expectations, the anticipated mineralization being consistent with expectations, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by PUR in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Premier American Uranium to differ materially from any projections of results, performances and achievements of Premier American Uranium expressed or implied by such forward-looking information or statements, including, among others: limited operating history, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, delays or failure to obtain required permits and regulatory approvals, changes in mineral resources, no known mineral reserves, aboriginal title and consultation issues, reliance on key management and other personnel; potential downturns in economic conditions; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; changes in laws and regulation, competition, and uninsurable risks and the risk factors with respect to Premier American Uranium set out in PUR's annual information form for the year ended December 31, 2024 and the other documents of PUR filed with the Canadian securities regulators and available under PUR's profile on SEDAR+ at www.sedarplus.ca.Although PUR has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. PUR undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE: Premier American Uranium Inc.View the original press release on ACCESS Newswire<img height="0" src="https://imageproxy.pbkrs.com/https://app.accessnewswire.com/img.ashx/query-aWQ9MTEyOTk4MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="0" original-src="https://imageproxy.pbkrs.com/https://app.accessnewswire.com/img.ashx/query-aWQ9MTEyOTk4MA"/></article></div>

UROY

Premier American Uranium Inc. has announced an upsized bought deal private placement of C$13 million due to strong investor demand. The offering includes 14,444,444 units priced at C$0.90 each, with each unit comprising one common share and one-half warrant. The proceeds will be used for uranium project exploration in New Mexico and Wyoming, as well as for working capital. The offering is expected to close around February 3, 2026, subject to regulatory approvals. The securities will not be registered under U.S. laws and are offered under specific exemptions.

Premier American Uranium Announces Upsize of Bought Deal Private Placement to C$13 Million | PAUIF Stock News