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Stallion Uranium Corp. is entering the Athabasca Basin, following NexGen Energy's lead, amid a global energy renaissance driven by high electricity demand from AI data centers. This situation presents potential opportunities for Cameco as well.
Shares of Orpheus Uranium fell 4.3% to A$0.067, marking its worst day since January 13. The company secured commitments to raise A$4.36 million through a placement at A$0.062 per share, an 11.4% discount to the last close. The funds will support projects in South Australia, Northern Territory, and Western Australia. Approximately 583,000 shares were traded, 1.8 times the 30-day average. The stock has risen 34% this year.
Canadian Uranium Corp. has entered an option acquisition agreement to acquire Impact Uranium Group Ltd.’s rights to the King South property in Saskatchewan. The project spans 10,575 hectares in the eastern Athabasca region, known for high-grade uranium deposits. The acquisition involves issuing 8,230,187 common shares at $0.45 each, pending approvals. If exercised, a 1% net smelter returns royalty will be paid, which can be repurchased for $1.5 million.
Puranium Energy Ltd. has announced a 1-for-2 share consolidation, reducing its outstanding shares from 32,390,436 to approximately 16,195,218. The company will receive new CUSIP and ISIN numbers, with no changes to its name or stock symbol. This consolidation is pending approval from the Canadian Securities Exchange.
Jaguar Uranium, a Canadian uranium exploration company, has increased its IPO share offering by 50%, now planning to raise $30 million by offering 6 million shares priced between $4 and $6. This adjustment raises the expected proceeds and sets a market cap of $95 million. The company focuses on uranium projects in Colombia and Argentina, with its main project being the Berlin Project in Colombia. Jaguar Uranium, founded in 2022, aims to list on the NYSE American under the symbol JAGU, with Titan Partners as the bookrunner.
