Oberon Uranium Corp. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1 million and up to 13,333,333 flow-through units at a price of CAD 0.075 per FT unit for the gross proceeds of CAD 1 million for the total aggregate gross proceeds of CAD 2 million on October 3, 2023. Each unit consists of one Class A common share and one common share purchase warrant with each warrant, entitling the holder thereof to acquire one additional share at an exercise price of CAD 0.075 per share for a period of 24 months from the date of issuance.

The company may pay finders' fees in connection with the offering. Securities issued under the offering will be subject to a four- month hold period in accordance with applicable Canadian securities laws.