https://www.engineeringnews.co.za
Exploration|Projects|Drilling
Exploration|Projects|Drilling
exploration|projects|drilling

Laramide raises cash to accelerate US, Australia projects

10th November 2023

By: Creamer Media Reporter

     

Font size: - +

Uranium exploration and development company Laramide has received firm commitments to raise A$12-million to accelerate its development projects in the US and to ramp up drilling at its exploration assets in Australia.

The TSX- and ASX-listed company will raise the cash in a placement to institutional and sophisticated investors.

"We are excited to be moving into this phase of Laramide’s evolution underpinned by the uranium industry, which appears to have entered a new bull market with spot prices rising above $70.00.

“The fundraising will facilitate continued permitting at Laramide’s development projects in the USA and to accelerate exploration in Queensland and Australia’s Northern Territory," said president and CEO Marc Henderson.

The placement is comprised of 20-million chess depositary interest at an issue of A$0.60 each. The offer represents a 3.2% discount to the last traded price on the ASX on November 8.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.299 0.358s - 160pq - 2rq
Subscribe Now