Laramide raises cash to accelerate US, Australia projects
Uranium exploration and development company Laramide has received firm commitments to raise A$12-million to accelerate its development projects in the US and to ramp up drilling at its exploration assets in Australia.
The TSX- and ASX-listed company will raise the cash in a placement to institutional and sophisticated investors.
"We are excited to be moving into this phase of Laramide’s evolution underpinned by the uranium industry, which appears to have entered a new bull market with spot prices rising above $70.00.
“The fundraising will facilitate continued permitting at Laramide’s development projects in the USA and to accelerate exploration in Queensland and Australia’s Northern Territory," said president and CEO Marc Henderson.
The placement is comprised of 20-million chess depositary interest at an issue of A$0.60 each. The offer represents a 3.2% discount to the last traded price on the ASX on November 8.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation