VANCOUVER, BRITISH COLUMBIA – TheNewswire - September 26, 2025 – Stearman Resources Inc. (CSE:STMN) (“Stearman” or the “Company”) announces a non-brokered private placement of up to 10,000,000 common shares (the "Shares"), at a price of $0.15 per Share for gross proceeds of up to $1,500,000 (the "Offering").
The Company will also be offering up to 16,000,000 flow-through common shares (the ”Flow-through Shares”), at a price of $0.25 per Flow-through Share for gross proceeds of up to $4,000,000 (the “Flow-through Offering”).
In connection with the Offering and the Flow-through Offering, the Company will pay to qualified finders, a 6% cash finders fee and a 6% finder’s fee payable in non-transferable share purchase warrants. Each warrant entitling the holder thereof to purchase one common share in the capital of the Company at a price of $0.50 per share for a period of twenty-four (24) months from closing of the Offering and Flow-through Offering.
The gross proceeds from the sale of the Flow-through Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) related to the Company’s projects in Canada.
All securities issued pursuant to the Offering will be subject to a hold period of four months and one day as required under applicable securities legislation.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
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.
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