VANCOUVER, BRITISH COLUMBIA – TheNewswire - September 24, 2025 – Stearman Resources Inc. (CSE:STMN) (“Stearman” or the “Company”) announces today that further to its news release dated September 18, 2025, it will be changing its name from Stearman Resources Inc. to UraniumX Discovery Corp. effective Monday, September 29, 2025.
The Company’s name change and corporate rebranding reflect a strategic evolution, emphasizing its dedicated focus on its three uranium exploration projects in Saskatchewan’s Northern Athabasca Basin. This transition reinforces the Company’s commitment to advancing its role in supporting global electrification initiatives.
As part of this rebranding initiative, the Company will be launching a newly redesigned website (www.uraniumx.ca), providing stakeholders with an updated platform to access corporate information, project details, and the latest news. The enhanced site will reflect the Company’s new brand identity and commitment to transparency while offering improved user experience for investors, partners, and the broader public.
The new CUSIP and ISIN number of the Company will be 91702X107 and CA91702X1078 respectively.
Shareholders will not be required to exchange their current share certificates as a result of the name change.
Lester Esteban, Chief Executive Officer, stated, “This rebranding represents a significant milestone in our evolution as we advance our NeoCore, Zoo Bay, and Murphy Lake uranium projects. Heading into Q4, we are eager to put boots on the ground at Zoo Bay and NeoCore and to commence drilling at Murphy Lake.”
Company Warrant Exercise Raises $228,000
The Company is pleased to announce it has recently received CAD$228,000 from the exercise of 3,800,000 warrants exercised.
Company Announces Marketing Activities
The Company has engaged Momentum Public Relations Inc. (“Momentum”) and its principal, Max Gagne, pursuant to which Momentum will assist the Company with its strategic business development activities (the “Services”). The engagement of Momentum is for a six (6) month period commencing October 1, 2025. In consideration of the Services provided by Momentum, the Company has agreed to pay Momentum CAD$12,500 plus applicable taxes per month. In addition, Momentum will have the right to receive 500,000 stock options of the Company at an exercise price per share to be determined, to be issued in adherence to the terms as dictated by the CSE, and within 15 days after signature of the agreement. No other shares or options are to be issued to Momentum or its principal as part of the engagement, and they do not own any shares in the Company. The principal of Momentum is Max Gagne of Suite 109 – 137 St.-Pierre Street, Montreal, QC, H2Y 3T5.
The Company has further engaged 1000968866 Ontario Ltd. (“1000968866”) and its principal, Garett Scott, pursuant to which 1000968866 shall provide the Company with financial, marketing strategic and market related advice (the “Services”). The engagement of 1000968866 is for a six (6) month period commending immediately. In consideration of the Services provided by 1000968866, the Company has agreed to pay 1000968866 CAD$70,000 plus applicable taxes. 1000968866 may, at its discretion of the board of directors of the Company, be granted incentive stock options and restricted share units or be paid in cash for the Services where appropriate and agreed in advance. 1000968866 does not own any shares in the Company. The principal of 1000968866 is Garett Scott of 100 King Street West, Unit 5700, Toronto, Ontario, M6K 1J7.
About Stearman
The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. The Company currently owns a 100% interest in the NeoCore Uranium Property consisting of 6 mineral claims covering 13,012 hectares, located in the Athabasca Basin in northern Saskatchewan. The Company further holds an option for up to a 70% interest in the Murphy Lake Uranium Property, consisting of 609 hectares also located in the Athabasca Basin in northern Saskatchewan, and now owns a 100% interest in the Zoo Bay Uranium Property consisting of 15 mineral claims covering 19,850 hectares, also located in the Athabasca Basin.
On Behalf of Stearman Resources Inc.
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Website: www.stearmanresources.com
Forward Looking Statements: This new release may contain “forward‐looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
