Standard Uranium Ramps Up Drilling, Eyes C$3M Raise

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.

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