Aero Energy Announces Closing of First Tranche of Non-Brokered Private Placement

Aero Energy Limited has successfully closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $1,265,550. The financing was completed through the issuance of 5,502,392 post-consolidation common shares at a price of $0.23 per share, representing a significant step forward in the company's capital raising efforts.

The uranium exploration company is proceeding with a second and final tranche of the offering, expected to close on or about December 29, 2025, which will bring in additional gross proceeds of approximately $3,734,450. This would bring the total financing to approximately $5 million, providing Aero with substantial working capital for its uranium exploration activities. The company paid finder's fees of $62,796 in cash and issued 273,026 finder's warrants in connection with the first tranche.

This financing comes at a time when uranium markets continue to show strength, driven by renewed interest in nuclear energy and supply chain concerns. For Aero Energy, the successful completion of the first tranche demonstrates investor confidence in the company's uranium exploration strategy and provides the financial foundation needed to advance its projects. The timing of the financing, with completion expected before year-end, positions the company well for 2026 exploration activities.

The offering remains subject to final regulatory approvals, including approval from the TSX Venture Exchange. The successful completion of this financing will strengthen Aero's balance sheet and provide the necessary capital to pursue its uranium exploration objectives in what continues to be a favorable market environment for uranium-focused companies.