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Angold Resources Ltd ( (TSE:AERO) ) has shared an update.
Aero Energy Limited has closed the second and final tranche of its non-brokered private placement, bringing total gross proceeds from the financing to $5 million through the issuance of 10,869,565 non-flow-through shares and 7,142,857 charity flow-through shares. The company plans to deploy the net proceeds toward exploration and advancement of its uranium properties in Saskatchewan and Nevada and to fund qualifying Canadian and Saskatchewan exploration expenditures on its projects in Saskatchewan, reinforcing its growth strategy in high-grade uranium districts and supporting ongoing project development for investors and other stakeholders.
More about Angold Resources Ltd
Aero Energy Limited is a uranium exploration and development company with a robust portfolio of North American assets following its merger with Kraken Energy Corp. The company controls a district-scale land package in Saskatchewan’s Athabasca Basin, including the Strike and Murmac projects with numerous shallow drill-ready targets, and holds 100% ownership of the Apex Uranium Property, Nevada’s largest past-producing uranium mine, as well as the Huber Hills Property with the historic Race Track open pit mine. Guided by an award-winning technical team behind notable discoveries such as Gryphon, Arrow and Triple-R, Aero is positioning itself to unlock high-grade, unconformity-style uranium mineralization and capitalize on rising global demand for uranium.
Average Trading Volume: 33,855
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.63M
See more insights into AERO stock on TipRanks’ Stock Analysis page.