Standard Uranium Ltd (TSE:STND) has released an update.
Standard Uranium Ltd. is capitalizing on the robust uranium market by resuming drilling at its Davidson River project and launching a private placement to raise up to C$3 million, alongside a share consolidation. The funds from the private placement are earmarked for the exploration of the Davidson River Project and for general working capital, with specific proceeds from charity flow-through shares dedicated to Canadian exploration expenses. The offering includes units and charity flow-through units, each accompanied by common share purchase warrants, to support the company’s growth in the green energy sector.
For further insights into TSE:STND stock, check out TipRanks’ Stock Analysis page.
