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An announcement from Stearman Resources, Inc. ( (TSE:STMN) ) is now available.
Stearman Resources Inc. has entered into a definitive agreement to acquire NeoCore Uranium Ltd., which owns a 100% interest in a uranium property in the Athabasca Basin, Saskatchewan. This acquisition positions Stearman strategically within a region known for uranium mining, potentially enhancing its market presence. The transaction involves issuing 7.5 million shares of Stearman and is expected to close by June 30, 2025, subject to regulatory approvals and due diligence. Additionally, Stearman announced a private placement financing to raise $100,000, with proceeds directed towards general corporate purposes.
More about Stearman Resources, Inc.
Stearman Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and the USA. The company currently holds options on the Miniac Property in Quebec, which is prospective for gold, zinc, copper, and silver, and the Brassie Creek Property in British Columbia, prospective for copper, gold, and silver.
Average Trading Volume: 9,724
Technical Sentiment Signal: Buy
See more data about STMN stock on TipRanks’ Stock Analysis page.