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An announcement from Alligator Energy Ltd ( (AU:AGE) ) is now available.
Alligator Energy Ltd has successfully raised $17.25 million through a placement to institutional and sophisticated investors, significantly strengthening its financial position. The funds will support the company’s ongoing development activities at the Samphire Uranium Project, including a feasibility study, mining lease application, and resource drilling. This capital injection positions Alligator Energy to advance towards in-situ recovery uranium production, with anticipated positive market impacts due to strong uranium price trends and increased global demand.
The most recent analyst rating on (AU:AGE) stock is a Buy with a A$0.10 price target. To see the full list of analyst forecasts on Alligator Energy Ltd stock, see the AU:AGE Stock Forecast page.
More about Alligator Energy Ltd
Alligator Energy Ltd is a company operating in the uranium exploration and development industry. The company focuses on advancing its Samphire Uranium Project and exploring other uranium prospects like Big Lake. Alligator Energy aims to leverage its exploration potential and contribute to the growing demand for uranium driven by global nuclear programs.
Average Trading Volume: 10,501,648
Technical Sentiment Signal: Hold
Current Market Cap: A$154.9M
For a thorough assessment of AGE stock, go to TipRanks’ Stock Analysis page.