North Shore Uranium Completes Private Placement and Enters Rio Puerco Agreement

North Shore Uranium Ltd. has successfully closed a non-brokered private placement, raising $1.4 million through the sale of NFT Units and FT Units. This funding exceeds the required minimum of $750,000, facilitating the company's acquisition efforts in uranium projects.

The company entered into an agreement with Resurrection Mining LLC, securing up to 87.5% interest in the Rio Puerco uranium project in New Mexico. This move aligns with North Shore's strategy to expand its uranium exploration in North America, amid increasing support for nuclear energy in the U.S.

Proceeds from the placement will advance exploration at Rio Puerco and support operations in Saskatchewan. Key milestones in the agreement include significant financial and exploration commitments over several years, potentially enhancing North Shore's stake.