https://newsletter.mw.creamermedia.com
Energy|Exploration|Nuclear|PROJECT|Technology
Energy|Exploration|Nuclear|PROJECT|Technology
energy|exploration|nuclear|project|technology

Global Uranium announces A$1.8m placement to fund growth

17th January 2025

By: Creamer Media Reporter

     

Font size: - +

Australia-listed Global Uranium and Enrichment has announced a A$1.8 million placement, which will be directed towards reviewing and conducting due diligence on complementary assets, staking new claims, covering annual project payments, and supporting general working capital needs.

The company is currently engaged in advanced discussions about the potential acquisition of assets that align with its growth strategy. These talks also include exploring a possible joint venture for funding and exploration purposes.

Global Uranium has received binding commitments to raise A$1.8-million (before costs) through the placement of approximately 29 million new fully paid ordinary shares at an issue price of A$0.062 a share.

“I would like to welcome our new investors and thank existing shareholders for their continued support and confidence in Global Uranium through this placement,” said MD Andre Ferrier.

Amid a global nuclear energy resurgence, Global Uranium is actively advancing a portfolio of high-grade uranium assets in prolific uranium districts across the US and Canada. The company has also established a cornerstone position in Ubaryon, an Australian uranium enrichment technology.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.256 0.334s - 126pq - 2rq
Subscribe Now