Nuclear Vision Ltd. Secures $6 Million in Upsized Private Placement, Garnering Eric Sprott’s Strategic Support
On 6 February 2026, Nuclear Vision Ltd. (CSE: NUKV) announced the successful closing of an upsized non‑brokered private placement that raised $6 million in gross proceeds. The transaction involved the issuance of 24 million units at a price of $0.25 per unit. Each unit comprises one common share and a half‑share warrant, giving investors the right to purchase an additional share at a tiered price over the next 24 months.
Eric Sprott Joins the Deal as a Key Investor
A significant portion of the offering—8 million units—was acquired by Eric Sprott through 2176423 Ontario Ltd. for $2 million. Prior to this investment, Sprott held no stake in Nuclear Vision. Post‑transaction, he controls 12.8 % of the non‑diluted share base and 18.0 % on a fully diluted basis, assuming all warrants are exercised. Sprott’s participation signals confidence in the company’s uranium exploration program and positions him as a long‑term strategic partner capable of additional capital injections or divestitures depending on market dynamics.
Deployment of Proceeds
The net proceeds will be allocated to multiple high‑impact initiatives:
| Purpose | Allocation |
|---|---|
| General working capital | Not specified |
| Uranium exploration in Botswana | Completion of program detailed in the December 2, 2025 release |
| Marketing and investor relations | Enhancing visibility and engagement |
| Manganese exploration in Slovakia | Launch of Svabovce and Michalova projects announced January 22, 2026 |
Cash finders’ fees of C$69,150 were paid, and 276,600 non‑transferable finders’ warrants were issued on the same terms as the standard warrants. All securities are subject to a statutory four‑month and one‑day hold period and remain unregistered under U.S. law, precluding any sale or offer within that jurisdiction.
Strategic Context and Market Position
Nuclear Vision is an energy‑transition‑focused exploration and development company operating primarily in mining‑friendly jurisdictions. With a market cap of roughly $11.94 million CAD and a 52‑week trading range of $0.15–$0.40, the stock remains highly volatile yet undervalued relative to its asset base. The company’s price‑to‑earnings ratio of ‑1.08 reflects its current pre‑profit status, typical for a high‑growth exploration firm.
The infusion of capital, coupled with Sprott’s reputation and network, enhances Nuclear Vision’s ability to accelerate its exploration agenda and potentially secure future financing rounds. Investors now have a clearer view of the company’s trajectory: a focused expansion into uranium and critical minerals, backed by credible institutional support.
Bottom Line
Nuclear Vision’s $6 million private placement is more than a mere capital raise—it is a strategic partnership with Eric Sprott, a seasoned investor with a long‑term view. The funds will directly support the company’s core projects in Botswana and Slovakia, while the inclusion of warrants provides an avenue for future upside. For shareholders, the deal underscores the company’s commitment to unlocking value in the energy transition space, even as its share price remains modest.
