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The latest announcement is out from GTI Resources Ltd ( (AU:AMU) ).
American Uranium Limited has launched a one-for-six pro rata non-renounceable entitlement offer to raise up to approximately $2.58 million at $0.12 per new share, a slight discount to the recent 30-day VWAP. Eligible shareholders in Australia, New Zealand, and Canada will also receive one free attaching option for every two new shares, exercisable at $0.16 and expiring on 30 June 2029.
The capital raised will primarily fund expansion and infill drilling, along with hydrogeological and metallurgical studies at the Lo Herma ISR Uranium Project ahead of a planned Q3 2026 scoping study. The offer, which is not underwritten and carries no minimum subscription, allows existing shareholders to consolidate their positions, potentially strengthening the company’s balance sheet and advancing project de-risking without immediate external equity dilution beyond current holders.
More about GTI Resources Ltd
American Uranium Limited (ASX:AMU) is an Australian-listed resources company focused on uranium exploration and development, with a key emphasis on in-situ recovery (ISR) projects. Its primary asset is the Lo Herma ISR Uranium Project, where the company is advancing drilling, hydrogeological, and metallurgical work to progress toward development studies.
Average Trading Volume: 184,751
Technical Sentiment Signal: Sell
Current Market Cap: A$12.32M
See more data about AMU stock on TipRanks’ Stock Analysis page.