https://newsletter.mw.creamermedia.com
Financial|Mining|Projects
Financial|Mining|Projects
financial|mining|projects

Premier American to raise C$5m in placement

12th April 2024

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Premier American Uranium (PUR) has announced a private placement to raise at least C$5-million, strengthening its balance sheet at a time when uranium fundamentals are robust.

The company, which is exploring and developing two projects in the US, has entered into an agreement with Red Cloud Securities to act as lead agent and sole bookrunner with PI Financial acting as co-agent for a placement of up to 2.04-million receipts at C$2.45 each.

The agent will have an option to sell up to an additional 408 164 receipts at the same price for proceeds of C$1-million.

“PUR was strategically built to acquire, explore, and develop uranium assets in the US. Now, with the anticipated closing of the arrangement with American Future Fuel, our scope has expanded to encompass three key uranium mining districts: the Great Divide Basin of Wyoming, the Uravan Mineral Belt of Colorado, and the Grants Mineral Belt in New Mexico.

“We believe today’s financing positions us well to advance our growth strategy and we extend our gratitude to our cornerstone shareholders, Sachem Cove Partners, and Mega Uranium, and other institutional investors, whose ongoing support provides us the ability to execute our vision,” said CEO Colin Healey.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 December 2025
Magazine round up | 12 December 2025
12th December 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:0.568 0.648s - 144pq - 2rq
Subscribe Now