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GTI Resources Ltd ( (AU:AMU) ) has issued an announcement.
American Uranium Ltd has announced a non-renounceable pro rata issue of new ordinary shares and options to existing shareholders. The offer will see up to 21,519,544 fully paid ordinary shares and 10,759,772 options, exercisable at $0.16 and expiring on 30 June 2029, issued under the proposed capital raising.
The entitlement offer is structured with an ex date of 21 April 2026, a record date of 22 April 2026, and is scheduled to close on 15 May 2026, with new securities expected to be issued on 19 May 2026. This capital raising will strengthen the company’s funding position, potentially supporting ongoing exploration, project development activities and its broader growth plans in the uranium sector.
More about GTI Resources Ltd
American Uranium Ltd is an ASX-listed company focused on uranium assets and exploration. The company operates within the broader energy and resources sector, aiming to develop and advance uranium projects to meet growing demand for nuclear fuel.
Average Trading Volume: 184,751
Technical Sentiment Signal: Sell
Current Market Cap: A$12.32M
For detailed information about AMU stock, go to TipRanks’ Stock Analysis page.