Skeleton Coast Uranium Raises $2.33 Million in First Tranche of Private Placement

• Skeleton Coast Uranium closed the first tranche of its non-brokered private placement, raising $2.33 million.
• The tranche comprised 18,645,000 units priced at $0.125 each.
• Each unit includes one common share and half a share purchase warrant; whole warrants are exercisable at $0.20 until November 2, 2028.
• The broader offering targets up to $5 million through 40,000,000 units, with another tranche expected to close shortly.
• Proceeds are intended for exploration and development in Namibia, as well as general working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skeleton Coast Uranium Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611040725NEWSFILECNPR____20261104_322422_1) on November 04, 2026, and is solely responsible for the information contained therein.