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Forsys Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$18.9 Million
Globenewswire· 2025-10-16 15:34
Core Points - Forsys Metals Corp. has successfully closed a "bought deal" private placement, raising gross proceeds of C$18,925,760, including a partial over-allotment option of C$1,925,280 [1] - A total of 33,796,000 units were sold at a price of C$0.56 per unit, with each unit consisting of one common share and one-half of a warrant [1][2] - The net proceeds will be utilized to advance the Norasa Project in Namibia and for general corporate purposes [3] Offering Details - The offering was conducted under an underwriting agreement with Red Cloud Securities Inc., which acted as the sole underwriter [1] - Each whole warrant allows the holder to purchase one common share at a price of C$0.80 until October 16, 2028 [2] - Red Cloud received cash fees of C$1,135,545.60 and 2,027,760 broker warrants, each exercisable at C$0.66 until October 16, 2028 [5] Regulatory Compliance - The units were issued under the listed issuer financing exemption, which does not impose a hold period under Canadian securities laws [4] - The offering is subject to final approval from the Toronto Stock Exchange [6] - An insider purchased 8,928,600 units, qualifying as a related party transaction, exempt from formal valuation and minority shareholder approval requirements [7] Company Overview - Forsys Metals Corp. is focused on developing the Norasa Uranium Project in Namibia, which includes the Valencia and Namibplaas uranium deposits [9]
Standard Uranium reports strong surface radioactivity at Rocas uranium project
Proactiveinvestors NA· 2025-10-16 13:39
Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors, including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Ur-Energy Participates in the 2025 Maxim Growth Summit in New York
Accessnewswire· 2025-10-16 11:00
Group 1 - Ur-Energy Inc. is participating in the 2025 Maxim Growth Summit [1] - The event will take place on October 23rd at The Hard Rock Hotel NYC [1] - The summit aims to bring together industry leaders, innovators, and premier institutions to discuss the latest trends and advancements [1]
Stallion Uranium Commencing Ground Electromagnetic Survey on the Coyote Corridor
Globenewswire· 2025-10-16 11:00
Core Insights - Stallion Uranium Corp. will initiate a high-resolution ground Time Domain Electromagnetic (TDEM) survey on November 1, 2025, at its Coyote Target within the Moonlite Project in the Athabasca Basin, Saskatchewan, in collaboration with Atha Energy Corp. [1][2] Survey Details - The survey aims to extend and refine previous electromagnetic work to accurately define conductive structures linked to uranium mineralization, focusing on the Coyote Corridor, which contains the company's top-priority drill targets [2][3] - The survey will be conducted by Abitibi Geophysics using the Stepwise Moving Loop (SWML) TDEM method, known for detecting conductive zones in basement rock, and will integrate data from earlier airborne and ground surveys [6][9] Expected Outcomes - Results from the survey are anticipated in late November 2025 and will inform final drill targeting for a winter drill program set to begin in December 2025 [8] - The CEO of Stallion Uranium emphasized that the survey is crucial for enhancing the resolution of geophysical data, which will help in identifying additional drill-ready locations and improving the effectiveness of the upcoming drill campaign [3][7] Marketing and Investor Relations - Stallion Uranium has engaged marketing firms to enhance its market presence and shareholder awareness through targeted digital campaigns and investor outreach programs [11][14] - The company has also announced participation in the Catch the Energy Conference on October 18, 2025, where the CEO will present [16] Company Overview - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which is known for having the largest high-grade uranium deposits globally, and is committed to responsible exploration using advanced technology [18][19]
NexGen Energy Ltd. Closes A$1 Billion (C$950 Million) Global Equity Offering
Newsfile· 2025-10-16 10:30
Core Viewpoint - NexGen Energy Ltd. has successfully closed a global equity offering, raising approximately A$1 billion (C$950 million) to fund the Rook I Project and for general corporate purposes [1] Group 1: Offering Details - The offering consisted of 33,112,583 North American Shares sold at C$12.08 per share, generating gross proceeds of approximately C$400 million [8] - Additionally, 45,801,527 Australian Shares were issued as CHESS Depository Interests (CDIs) at A$13.10 per CDI, resulting in gross proceeds of approximately A$600 million [8] - The total gross proceeds from both offerings amount to approximately A$1 billion (C$950 million) [1][8] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the engineering of the Rook I Project, cover pre-production capital costs, and for general corporate purposes [1] Group 3: Company Background - NexGen Energy Ltd. is focused on the acquisition, exploration, and development of Canadian uranium projects, with a strong team experienced in uranium deposit discovery and project development [5] - The company owns a portfolio of uranium exploration assets in the Athabasca Basin, Saskatchewan, including a 100% interest in the Rook I Project, which hosts the Arrow Deposit discovered in February 2014 [5]
Deep Yellow: A Play On Uranium Demand, Prices And Further Exploration Success (DYLLF)
Seeking Alpha· 2025-10-16 02:13
Group 1 - The article provides a buy rating for Deep Yellow, indicating a strong belief in its potential to become a large-scale uranium producer by the end of the decade [1] - The author emphasizes a diverse investment approach, incorporating fundamental, technical, and momentum investing strategies to enhance the investment process [1] Group 2 - There is no disclosure of any stock, option, or derivative positions in the companies mentioned, nor any plans to initiate such positions in the near future [2] - The article expresses the author's personal opinions and is not influenced by any compensation from companies mentioned [2]
Skyharbour Partner Company Terra Clean Energy Announces Fraser Lakes B Deposit Recognized by Government of Canada as Active Rare Earth Deposit
Globenewswire· 2025-10-15 20:30
Core Insights - Skyharbour Resources Ltd. reports significant rare earth element potential at the Fraser Lakes B Deposit, confirmed by drilling and assays, with a focus on uranium and thorium mineralization alongside rare earth oxides [1] - The company has partnered with Terra Clean Energy Corp., which will fund CAD $10,500,000 in exploration expenditures and pay Skyharbour CAD $11,100,000 in cash, with part of the payment potentially settled in shares [1] Rare Earth Elements Applications - Light rare earth elements, including Lanthanum, Cerium, Ytterbium, and Yttrium, are crucial in various industries such as automotive, batteries, and electronics [2][3][4][5] - Lanthanum is used in medical applications and industrial processes, while Cerium serves as a polishing agent and catalyst [2][3] - Ytterbium is utilized in improving stainless steel and in advanced technologies like quantum computing [4] - Yttrium is essential for LEDs, lasers, and medical applications, highlighting its strategic importance [5] Project Overview - The South Falcon East Project, part of the Fraser Lakes B Deposit, covers approximately 12,464 hectares and is located in the southeast Athabasca Basin [9][10] - The Fraser Lakes B Deposit has a historical inferred resource of 6.9 million pounds of U₃O₈ at an average grade of 0.03% and 5.3 million pounds of ThO₂ at 0.023% [11] Strategic Importance - The CEO of Terra emphasizes the strategic value of the REE deposit, especially in the current market environment that values rare earth elements [7] - The ongoing drilling and study of the Fraser Lakes B deposit aim to enhance both uranium and REE resources, indicating a commitment to advancing the project [8] Company Background - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [14] - The company has established partnerships and joint ventures with various industry leaders, enhancing its exploration capabilities [15] - Skyharbour has secured over CAD $36 million in partner-funded exploration expenditures, indicating strong financial backing for its projects [16]
Standard Uranium closes LIFE offering
Proactiveinvestors NA· 2025-10-15 12:53
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Terra Clean's Fraser Lakes B Deposit Contains Significant Rare Earth Element Potential and is Listed as an Active Government of Canada Rare Earth Deposit
Globenewswire· 2025-10-15 11:30
Core Insights - Terra Clean Energy Corp. has confirmed significant rare earth element (REE) potential at its Fraser Lakes B Deposit through drilling and assays, highlighting the presence of key rare earth oxides such as La₂O₃, Ce₂O₃, Yb₂O₃, and Y₂O₃ [1][7][12] REE Applications - Light rare earth elements are crucial in various industries, including automotive, batteries, and magnets. Lanthanum is used in medical applications and industrial processes, while cerium serves as a polishing agent and catalyst [2][3] - Ytterbium finds applications in improving stainless steel, dental alloys, and advanced technologies like quantum computing [4] - Yttrium is essential in phosphors for LEDs, lasers, and medical applications, as well as in ceramics and electronics [5] Project Development - The Fraser Lakes B Deposit is part of a broader study on REEs in northeastern Saskatchewan, supported by a government grant to the University of Saskatchewan [6] - The deposit is located in a well-infrastructured area, approximately 18 kilometers outside the Athabasca Basin, with good access to power and water [11] - The South Falcon East Project, which includes the Fraser Lakes B Deposit, has a historic inferred resource of 6.9 million pounds of U3O8 at a grade of 0.03% [10][12] Management Statements - The CEO of Terra emphasizes the strategic importance of the REE deposit, indicating a commitment to unlocking its value alongside ongoing uranium development [7][8]
Standard Uranium Announces Closing of LIFE Offering
Newsfile· 2025-10-15 11:30
Core Viewpoint - Standard Uranium Ltd. has successfully closed a financing offering, issuing 25 million flow-through units at a price of $0.10 per unit, aimed at funding exploration projects in Saskatchewan's uranium sector [1][2]. Group 1: Offering Details - The offering consisted of 25,000,000 flow-through units, each unit comprising one common share and one-half of a common share purchase warrant, with the warrant allowing purchase of one common share at $0.15 until October 15, 2027 [1]. - The company paid finders' fees of $150,000 and issued 1,500,000 non-transferable share purchase warrants to parties that assisted in the offering [3]. - A separate offering of up to 16,761,000 additional flow-through units at the same price is ongoing, with gross proceeds expected to reach up to $1,676,100, subject to TSX Venture Exchange approval [4]. Group 2: Company Overview - Standard Uranium is focused on uranium exploration and holds interests in over 235,435 acres (95,277 hectares) in the Athabasca Basin, known for its rich uranium deposits [5]. - The Davidson River Project, covering 30,737 hectares, is considered highly prospective for basement-hosted uranium deposits, although it remains under-tested by drilling [6]. - The eastern Athabasca projects encompass over 43,185 hectares and are also seen as promising for uranium deposits based on historical occurrences and recent geophysical anomalies [7]. - The Sun Dog project, covering 19,603 hectares, is located near significant uranium discoveries but has not been sufficiently drilled [8].