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ValOre Metals Corp ( (TSE:VO) ) has issued an update.
ValOre Metals Corp announced the completion of a $1,500,000 financing by its affiliate, Hatchet Uranium Corp, enabling Hatchet to proceed with acquiring significant interests in uranium properties from Skyharbour Resources Ltd. This transaction marks a strategic expansion in the Athabasca Basin, enhancing ValOre’s position in the uranium exploration market. As part of the deal, ValOre’s ownership in Hatchet will adjust to approximately 51.5%, reflecting the new equity distribution after the acquisition.
More about ValOre Metals Corp
ValOre Metals Corp is involved in the uranium industry, focusing on acquiring and developing uranium properties. The company has a majority interest in Hatchet Uranium Corp, which is engaged in exploring and acquiring uranium assets, particularly in the Athabasca Basin region of Canada.
YTD Price Performance: -15.00%
Average Trading Volume: 215,950
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$14.89M
See more data about VO stock on TipRanks’ Stock Analysis page.
