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Core Energy Minerals Expands Convertible Notes to Bolster Uranium Exploration

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Core Energy Minerals Expands Convertible Notes to Bolster Uranium Exploration

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OAR Resources Ltd ( (AU:CR3) ) has issued an update.

Core Energy Minerals Ltd has announced an update on its convertible notes, increasing the total face value to $1.8 million with the potential to reach $2.0 million. This financial move, facilitated by GBA Capital as the Lead Manager, was approved by shareholders and aims to strengthen the company’s financial position, allowing it to further its exploration and expansion efforts in the uranium sector.

More about OAR Resources Ltd

Core Energy Minerals Ltd (ASX:CR3) is a mineral exploration company with a focus on uranium assets in tier one mining jurisdictions. The company is advancing projects in Australia, Brazil, and Namibia, with a current emphasis on uranium projects in Australia and Brazil. Core Energy is exploring options to expand its land position across these regions to unlock shareholder value.

YTD Price Performance: -44.00%

Average Trading Volume: 829,432

Technical Sentiment Signal: Sell

Current Market Cap: A$5.21M

For a thorough assessment of CR3 stock, go to TipRanks’ Stock Analysis page.

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