• Entitlement Offer of 1 New Share for every 6 existing Shares at $0.12 per share
• 1-for-2 free attaching option exercisable at $0.16 expiring 30 June 2029
• Funds to be used for expansion, studies, and general working capital

American Uranium Limited (ASX:AMU) announced an update to the indicative timetable for its previously announced pro-rata non-renounceable entitlement offer. The key details are: Eligible Shareholders will have the opportunity to subscribe for 1 New Share for every 6 existing Shares held at the Record Date, at an issue price of $0.12 per New Share. Additionally, a 1-for-2 free attaching option exercisable at $0.16 and expiring 30 June 2029 will be issued to Entitlement Offer participants. The updated timetable allows for additional time to finalize and lodge a Prospectus with ASIC in relation to the Attaching Options. Funds raised under the Offer are intended to be applied towards expansion and infill drilling at the Lo Herma ISR Uranium Project, hydrogeological and metallurgical studies at Lo Herma, landholding costs, costs of the Offer, and general working capital.