UraniumX Plans $1.5 Million Non-Brokered Financing to Advance Athabasca Uranium Projects

An announcement from Stearman Resources, Inc. ( (TSE:STMN) ) is now available.

UraniumX Discovery Corp. has launched a non-brokered private placement of up to 7.5 million units at $0.20 per unit to raise as much as $1.5 million, with each unit comprising one common share and one warrant exercisable at $0.30 for 36 months, beginning 60 days after closing. The financing, offered under Canada’s Listed Issuer Financing Exemption and expected to close by mid-February subject to regulatory approvals, is intended to fund general working capital, corporate needs and ongoing exploration and development across the company’s Murphy Lake, Zoo Bay and NeoCore uranium properties in the Athabasca Basin, reinforcing its capital base to advance projects in a highly competitive uranium exploration district.

More about Stearman Resources, Inc.

UraniumX Discovery Corp. is a Canadian-based junior mineral exploration company focused exclusively on uranium discovery in Saskatchewan’s Athabasca Basin, one of the world’s premier high-grade uranium districts. Its core assets include the flagship Murphy Lake Uranium Property, where it can earn up to 70% through an option with F4 Uranium, as well as 100%-owned Zoo Bay and NeoCore uranium projects, all supported by regional mining infrastructure and exploration programs that integrate geophysics, drilling and academic research collaborations to refine target selection.

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Technical Sentiment Signal: Buy

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