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Saville Resources ( (TSE:FTUR) ) just unveiled an announcement.
Future Fuels Inc. announced the successful closing of a $1.5 million non-brokered private placement, involving the issuance of 3,750,000 units. The proceeds will be used for general corporate purposes and to advance exploration at the Hornby Uranium Project. The transaction involved insider participation and relied on exemptions from formal valuation and minority shareholder approval requirements, highlighting the company’s strategic financial maneuvers to support its exploration activities.
More about Saville Resources
Future Fuels Inc. is focused on the exploration and development of uranium projects, with its principal asset being the Hornby Uranium Project in north-western Nunavut. The company also holds the Covette Property in Quebec’s James Bay region, indicating a strong focus on mineral exploration in geologically promising areas.
Average Trading Volume: 141,490
Technical Sentiment Signal: Buy
Current Market Cap: C$45.22M
For an in-depth examination of FTUR stock, go to TipRanks’ Overview page.