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Saville Resources ( (TSE:FTUR) ) has provided an announcement.
Future Fuels Inc. plans to raise up to C$2 million through a non-brokered private placement of 2,469,135 charity flow-through units priced at C$0.81 each under the Listed Issuer Financing Exemption. Each unit consists of one flow-through common share and one flow-through warrant exercisable at C$1.00 for 24 months, with proceeds earmarked for qualifying Canadian exploration expenditures on the company’s critical minerals projects, potentially accelerating work on its Hornby Uranium and Corvette properties and reinforcing its presence in the Canadian critical minerals sector.
More about Saville Resources
Future Fuels Inc. is a critical mineral exploration company whose principal asset is the Hornby Uranium Project, covering the entire 3,407 km² Hornby Basin in north-western Nunavut, a region with more than 40 underexplored uranium showings including the historic Mountain Lake Deposit. The company also holds the Corvette Property in Quebec’s James Bay region, consisting of 65 mineral claims over 3,370 hectares, positioning it within key Canadian jurisdictions for uranium and other critical minerals exploration.
Average Trading Volume: 142,774
Technical Sentiment Signal: Sell
Current Market Cap: C$65.82M
For a thorough assessment of FTUR stock, go to TipRanks’ Stock Analysis page.