Global Uranium announces A$1.8m placement to fund growth
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.
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