Global Uranium Corp. (CSE: GURN; OTCQB: GURFF) has announced an amended and restated offering document for its ongoing listed issuer financing exemption private placement, alongside a new committed unsecured loan facility of up to $1,000,000. The amended offering raises the minimum subscription threshold and updates the company's planned use of funds, incorporating the loan facility as an additional funding source. The developments are of interest to investors monitoring the Calgary-based uranium explorer's efforts to advance its Saskatchewan and Wyoming uranium projects.

Key Points

  • Global Uranium Corp. (CSE: GURN; OTCQB: GURFF) announced an amended LIFE offering and a $1,000,000 committed loan facility on November 3, 2026.
  • The minimum offering has been raised to 3,636,364 units at $0.22 per unit for gross proceeds of $800,000.08; the maximum remains $932,736.42.
  • The loan facility carries 12% simple interest per annum; advances are repayable 24 months after the applicable advance date, with all amounts due no later than November 3, 2030.
  • Investors should watch for confirmation of closing, expected on or about November 6, 2026, subject to regulatory approval.

Amended LIFE Offering Terms and Unit Structure

The amended offering document, dated November 3, 2026, replaces the original document from September 23, 2026. The minimum offering has been increased to 3,636,364 units for gross proceeds of $800,000.08, while the maximum offering of 4,239,711 units for gross proceeds of $932,736.42 remains unchanged. The offering price stays at $0.22 per unit. Each unit comprises one common share and one warrant exercisable at $0.30 per share, commencing 61 days after closing and expiring 24 months after closing. No commissions or finder's fees are expected to be paid. Securities issued are expected to be immediately freely tradeable under applicable Canadian securities laws, subject to control-person restrictions.

$1 Million Unsecured Loan Facility Details

Concurrent with the amended offering, Global Uranium entered into a committed, unsecured, non-revolving loan facility of up to $1,000,000 with an arm's length lender, dated November 3, 2026. The company may request advances on five business days' written notice until October 30, 2028, subject to the facility limit and no event of default. Advances bear simple interest at 12% per annum, with each advance repayable 24 months after its advance date and all outstanding amounts due no later than November 3, 2030. The facility is not repayable on demand, may be prepaid without penalty, and no fees apply to undrawn amounts. As of the announcement date, no amounts had been drawn.

Planned Use of Funds Across Astro Uranium and Wyoming Projects

The release states that available funds from both the offering and the loan facility are intended for exploration expenditures and option payments primarily related to the company's Astro Uranium Project in Saskatchewan and its uranium projects in Wyoming's Great Divide Basin, Gas Hills, and Copper Mountain districts. Additional uses include payment of outstanding corporate liabilities and general and administrative expenses. The amended offering document also removes previously proposed working-capital adjustments for liabilities where no binding settlement or waiver agreements had been executed, reflecting an updated view of the company's liquidity position.