GoviEx Uranium ( (TSE:GXU) ) has shared an update.
GoviEx Uranium Inc. has announced a private placement financing to raise up to $7.5 million through the issuance of 150 million units at $0.05 per unit. The funds will be used for exploration and development activities, working capital, and general corporate purposes. The offering is expected to close by April 2, 2025, pending necessary approvals. This move is aimed at strengthening GoviEx’s financial position to support its growth ambitions in the uranium sector.
More about GoviEx Uranium
GoviEx Uranium Inc. is a mineral resource company focused on the exploration and development of uranium properties in Africa. Its primary objective is to become a significant uranium producer through the continued exploration and development of its mine-permitted Muntanga Project in Zambia.
YTD Price Performance: 62.50%
Average Trading Volume: 1,563,935
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$44.7M
For a thorough assessment of GXU stock, go to TipRanks’ Stock Analysis page.