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Argonaut Resources ( (AU:ORP) ) has shared an announcement.
Orpheus Uranium Limited has announced a proposed placement of up to 70,424,281 new fully paid ordinary shares, with an intended issue date of 10 February 2026. The capital raising is expected to strengthen the company’s balance sheet and support its ongoing uranium exploration and development activities, potentially enhancing its capacity to advance projects and improve its standing in the competitive nuclear fuel supply chain.
More about Argonaut Resources
Orpheus Uranium Limited, listed on the ASX under the code ORP, operates in the uranium exploration and mining sector. The company focuses on identifying and developing uranium resources, positioning itself to supply fuel for the nuclear energy industry.
YTD Price Performance: 40.0%
Average Trading Volume: 243,283
Technical Sentiment Signal: Sell
Current Market Cap: A$19.72M
Find detailed analytics on ORP stock on TipRanks’ Stock Analysis page.