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An update from Okapi Resources Ltd. ( (AU:GUE) ) is now available.
Global Uranium and Enrichment Limited has secured $1.8 million through a placement of 29 million new fully paid ordinary shares. The funds will be used for due diligence on complementary uranium assets, staking of new claims, and general working capital. The company is in advanced discussions for potential acquisitions and joint ventures, aiming to enhance its uranium portfolio. This placement aligns with its strategy to explore and develop uranium resources, potentially impacting its market position and offering value to shareholders.
More about Okapi Resources Ltd.
Global Uranium and Enrichment Limited is an Australian public listed company that focuses on uranium exploration, development, and enrichment. The company holds a portfolio of advanced, high-grade uranium assets in the U.S. and Canada and has invested in Ubaryon, an Australian uranium enrichment technology.
YTD Price Performance: 23.33%
Average Trading Volume: 441,361
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$19.66M
For detailed information about GUE stock, go to TipRanks’ Stock Analysis page.
