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Gladiator Resources Limited ( (AU:USC) ) has issued an announcement.
US1 Critical Minerals has secured a $1.5 million strategic equity placement, led by Nasdaq-listed Snow Lake Energy which is investing $1 million and is expected to become a substantial shareholder with about 10.38% of the company’s issued capital. The capital raise, completed at a discount to recent trading prices and accompanied by free-attaching options for investors, will be used to accelerate the advancement of US projects, progress Tanzanian exploration, and support corporate and legal initiatives, while the appointment of U.S. investor Avi Geller as a non-executive director—along with performance-based options for him and fee options for consultants—strengthens the board’s U.S. capital markets expertise and underscores a push to deepen the company’s North American investor base.
More about Gladiator Resources Limited
US1 Critical Minerals Limited is an ASX- and OTCQB-listed resources company focused on advancing U.S.-centric critical minerals opportunities, complemented by exploration projects in Tanzania. The company targets strategic minerals supply for North American markets and engages institutional and sophisticated investors to support its exploration, development and corporate initiatives.
Average Trading Volume: 3,584,774
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.95M
See more insights into USC stock on TipRanks’ Stock Analysis page.