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Gladiator Resources Limited ( (AU:USC) ) just unveiled an announcement.
US1 Critical Minerals has completed a $1 million share placement, issuing 50 million new shares at $0.02 each to Snow Lake Energy and other institutional and sophisticated investors. Snow Lake subscribed for $0.5 million and is expected to hold about 13.6% of US1’s issued capital after settlement.
The placement price represents a 16.67% discount to the last close but a premium to the 15-day VWAP, and the company will also issue 25 million unlisted options to a consultant for services related to the deal. Proceeds will support corporate and legal initiatives, fund exploration of the company’s Tanzanian projects, cover placement costs, and bolster general working capital, strengthening US1’s ability to advance its U.S.-focused critical minerals and Tanzanian uranium portfolio.
More about Gladiator Resources Limited
US1 Critical Minerals Ltd is an Australian-listed exploration company focused on critical minerals, with a strategic emphasis on U.S. rare earths and supply-chain security. The company also holds a substantial portfolio of uranium and critical minerals projects in Tanzania, including the Mkuju Project and additional assets such as the Eland and Foxy projects, which it aims to advance through disciplined technical work and strategic partnerships.
Average Trading Volume: 1,738,214
Technical Sentiment Signal: Buy
Current Market Cap: A$23.13M
Find detailed analytics on USC stock on TipRanks’ Stock Analysis page.