Aero Energy Raises $1.27 Million in First Tranche of Private Placement, Targets Further Financing for Uranium Exploration

Angold Resources Ltd ( (TSE:AERO) ) has provided an update.

Aero Energy Limited has closed the first tranche of its non-brokered private placement, raising gross proceeds of about $1.27 million through the issuance of over 5.5 million common shares, and expects to close a second and final tranche of approximately $3.73 million by late December via additional common and charity flow-through shares. The funds will be directed toward exploration and advancement of Aero’s uranium projects in Saskatchewan and Nevada and to incur qualifying Canadian exploration expenditures in Saskatchewan that will be renounced to flow-through investors, potentially strengthening the company’s project pipeline and exploration budget while modest insider participation classifies the financing as a related-party transaction under securities rules but within available exemptions.

More about Angold Resources Ltd

Aero Energy Limited is a uranium exploration company focused on advancing its properties in Saskatchewan, Canada, and Nevada, USA. The company operates in the mineral exploration sector, targeting critical mineral and uranium assets and utilizing flow-through share structures that appeal to investors seeking tax-advantaged exposure to early-stage exploration projects.

Average Trading Volume: 298,925

Technical Sentiment Signal: Sell

Current Market Cap: C$7.19M

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