Generation Uranium Secures Funds for High-Grade Project

Generation Gold Corp. Class A (TSE:GEN) has released an update.

Generation Uranium Inc. has successfully completed the second tranche of its oversubscribed non-brokered private placement, raising CAD$1.25 million to finance exploration activities at its high-grade Yath Uranium Project in Nunavut, Canada. The company sold 5 million units, with each unit comprising a share and a warrant, and plans to use the proceeds for drilling target definition and general working capital. The Yath Project, located in a proven mining jurisdiction, has shown promising historical uranium grades and recent surveys confirm significant mineralization potential.

For further insights into TSE:GEN stock, check out TipRanks’ Stock Analysis page.