Thunderbird Resources (AU:THB) has released an update.
Thunderbird Resources has strengthened its financial position by raising $1.075 million through the sale of 10 million shares in Firetail Resources, following the achievement of a performance milestone. The company still retains 15 million Firetail shares and plans to participate in a rights issue to acquire an additional 1.5 million shares. This capital boost is aimed at supporting Thunderbird’s upcoming uranium exploration at its flagship Hidden Bay Project in the Athabasca Basin.
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