Adavale Resources Ramps Up Uranium Exploration Funding

Adavale Resources Limited (AU:ADD) has released an update.

Adavale Resources Limited has successfully secured an additional $82,000 in funding, increasing their total capital raise to $632,000, which will be used to expedite their uranium exploration efforts in South Australia. The company plans to issue about 210 million new shares to professional and sophisticated investors, including management and directors. This strategic financial move is poised to support significant exploration activities across Adavale’s promising uranium prospects.

For further insights into AU:ADD stock, check out TipRanks’ Stock Analysis page.