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Strathmore Plus Energy ( (TSE:SUU) ) just unveiled an announcement.
Strathmore Plus Uranium Corp. has closed a non-brokered private placement, raising gross proceeds of $1.1 million through the issuance of 7,333,333 units priced at $0.15, each comprising one common share and a warrant exercisable at $0.25 for 36 months. The financing, which included finder’s fees and is subject to a statutory hold period and final Canadian Securities Exchange approvals, will fund general working capital and exploration activities such as drilling, soil sampling, and geophysical surveys on the company’s Wyoming uranium properties, potentially advancing project development and supporting its position in the uranium exploration sector.
More about Strathmore Plus Energy
Strathmore Plus Uranium Corp. is a uranium exploration company focused on three fully permitted projects in Wyoming: Agate, Beaver Rim, and Night Owl. Agate and Beaver Rim host Wyoming-type roll-front uranium deposits based on historical drilling, while Night Owl is a former producing surface mine that operated in the early 1960s.
Average Trading Volume: 63,191
Technical Sentiment Signal: Sell
Current Market Cap: C$9.92M
For detailed information about SUU stock, go to TipRanks’ Stock Analysis page.