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Stallion Gold Corp ( (TSE:STUD) ) has provided an announcement.
Stallion Uranium Corp. has increased and closed its non-brokered flow-through private placement, raising gross proceeds of $7.72 million through the issuance of 17.16 million flow-through shares at $0.45 each. The company plans to use the funds to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures on its Athabasca Basin uranium projects by the end of 2026, with these expenditures to be renounced to subscribers effective December 31, 2025, providing fresh capital to advance exploration while reinforcing its financial position in a key uranium district.
More about Stallion Gold Corp
Stallion Uranium Corp. is a uranium exploration company focused on approximately 1,700 square kilometres in Canada’s Athabasca Basin, a region known for the world’s largest high-grade uranium deposits. Working with joint venture partner Atha Energy, the company controls the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones, and leverages proprietary Haystack TI technology and an experienced team in uranium and precious metals exploration to support its role in the clean energy supply chain.
Average Trading Volume: 149,461
Technical Sentiment Signal: Sell
Current Market Cap: C$42.39M
For detailed information about STUD stock, go to TipRanks’ Stock Analysis page.