Stallion Uranium Corp Closes $1.45 Million Private Placement to Boost Exploration

An update from Stallion Gold Corp ( (TSE:STUD) ) is now available.

Stallion Uranium Corp has successfully closed a non-brokered private placement, raising CDN$1.45 million through the issuance of 14.5 million common shares. The proceeds will support corporate purposes and exploration activities on the company’s properties, enhancing its operational capabilities and potentially strengthening its position in the uranium exploration industry. The offering saw significant participation from major stakeholders, including the largest shareholder, Matthew J. Mason, and CEO Matthew Schwab, indicating strong internal confidence in the company’s strategic direction.

More about Stallion Gold Corp

Stallion Uranium Corp is focused on uranium exploration, operating in the Athabasca Basin, known for high-grade uranium deposits. The company, in partnership with Atha Energy, holds a significant project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones. Their team comprises experts in uranium and precious metals exploration, with experience in capital markets and technical talent for early-stage property exploration.

YTD Price Performance: -13.33%

Average Trading Volume: 54,658

Technical Sentiment Signal: Buy

Current Market Cap: C$3.94M

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