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TERRA CLEAN CLOSES $2.5 MILLION LIFE OFFERING
Globenewswire· 2025-11-05 12:30
Core Points - Terra Clean Energy Corp. has successfully closed a non-brokered private placement offering, issuing 17,641,293 units for gross proceeds of $2,469,781.02 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.17 for 36 months [1] - The net proceeds will be used for the purchase price of Utah claims, future exploration and development costs, and general working capital [2] Offering Details - The offering was conducted under the Listed Issuer Financing Exemption, allowing the units to be issued without a hold period under Canadian securities laws [3] - Finders' fees included total cash of $116,359.60 and 831,140 non-transferrable finder warrants, exercisable at C$0.14 for 36 months [4] Company Overview - Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company, currently developing the South Falcon East uranium project with a 6.96 million pound inferred uranium resource [6] - The company also has past producing uranium mines in Utah, United States [6]
Terra Clean Announces Life Offering
Thenewswire· 2025-10-20 20:05
Core Viewpoint - Terra Clean Energy Corp. is initiating a non-brokered private placement to raise funds for various corporate purposes, including the purchase of Utah claims and future exploration costs [1][2]. Group 1: Offering Details - The private placement will consist of a minimum of 10,000,000 units and up to 19,520,350 units, priced at C$0.14 per unit, aiming for gross proceeds of C$1,400,000 to C$2,732,849 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1]. - The offering is expected to close around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canadian provinces and territories, excluding Quebec, without a hold period under Canadian securities laws [3]. - An offering document is available on SEDAR+ and the company's website for prospective investors [3]. Group 4: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].
TERRA CLEAN ANNOUNCES LIFE OFFERING
Globenewswire· 2025-10-20 20:05
Core Viewpoint - Terra Clean Energy Corp. is conducting a non-brokered private placement to raise between C$1,400,000 and C$2,732,849 by issuing units at C$0.14 each, with each unit consisting of one common share and one-half warrant [1][2]. Group 1: Offering Details - The offering will consist of a minimum of 10,000,000 units and up to 19,520,350 units, with each warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1][2]. - The expected closing date for the offering is around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canada (excluding Quebec) and other qualifying jurisdictions without a hold period [3]. Group 4: Finder's Fee - The company may pay a finder's fee of up to 7% of the aggregate proceeds in cash and non-transferrable finder warrants [4]. Group 5: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].
Ross McElroy Steps down from Homeland Board
Newsfile· 2025-10-16 08:00
Group 1 - Ross McElroy has resigned from the Board of Directors of Homeland Uranium Corp. effective October 15, 2025, to focus on his role as CEO of Apollo Silver [1][2] - The company has expanded the Coyote Basin Project by staking 36 new unpatented mining claims, increasing the total to 839 claims covering approximately 18,656 acres (7,450 ha) [3] - The new claims are strategically located to cover gaps between existing boundaries and are projected to be near uranium mineralization identified during previous exploration efforts [3] Group 2 - The drill contractor for the Coyote Basin exploration program has reported a two-week delay in mobilization due to equipment maintenance and crew rest, with drilling expected to commence around November 1st [4] - Homeland Uranium Corp. aims to become a leading US-focused uranium explorer and developer, owning several uranium projects in northwestern Colorado [5]
Snowflake Lithium Just Reached a Deal to Create a New U.S. Nuclear Fuels Company. Should You Buy LITM Stock Now?
Yahoo Finance· 2025-10-13 18:04
Industry Overview - The nuclear energy sector is experiencing significant growth, primarily driven by the demand from artificial intelligence (AI) data centers for reliable and clean power [1] - President Donald Trump signed four executive orders aimed at increasing U.S. nuclear capacity from 100 to 400 gigawatts by 2050, which is expected to strengthen domestic uranium supply [2] Market Dynamics - Uranium futures have risen to $75, with a 52-week high of $88.70, reflecting a price increase from approximately $63.50 per pound in early 2025 to over $80 by October [2] - Snow Lake Resources (LITM) is positioning itself as a major player in the uranium sector by acquiring Global Uranium and Enrichment Limited, aiming to capitalize on the industry's growth [3] Company Profile: Snow Lake Resources (LITM) - LITM is transitioning from lithium to nuclear fuel, with shares currently priced at $5.88, indicating a high-risk, high-reward investment opportunity as nuclear energy gains prominence [4] - The company focuses on uranium exploration and project development, targeting the needs of modern energy grids and technology-driven industries [5] - LITM's recent stock price closed at $4.48, with a nearly 30% increase on the day, although it has a year-to-date return of -50.16% [5] Financial Metrics - The equity of LITM is valued at $35.04 million, with an enterprise value of approximately $33.19 million, and a price-to-book (P/B) ratio of 0.56x, significantly lower than the sector median of 2.15x [6] - The company is currently pre-revenue and loss-making, with an earnings per share (EPS) of -3.90, indicating that operations have not yet become cash generative or profitable [7] - The latest quarterly update reported an EPS of -$0.13, reflecting a narrowing of losses on a per-share basis as the company manages its spending [7]
Noble Plains Uranium Closes $1,049,725 Over-Subscribed Private Placement
Newsfile· 2025-10-02 20:13
Core Viewpoint - Noble Plains Uranium Corp. has successfully closed a non-brokered private placement, raising approximately $1.05 million to advance its drilling projects in Wyoming's Powder River Basin and Shirley Basin [1][2]. Financing Details - The company issued a total of 11,663,611 Units at a price of $0.09 per Unit, resulting in gross proceeds of $1,049,724.99 [1]. - Each Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.15 until October 2, 2027 [2]. Use of Proceeds - Proceeds from the Offering will be utilized for the upcoming drill program at the Duck Creek project and additional exploration at the Shirley Central and Shirley East projects, along with general working capital [4]. Insider Participation - Certain Directors and Officers of the company participated in the Offering, acquiring a total of 925,000 Units for gross proceeds of $83,250, which is classified as a related party transaction [5]. Regulatory Compliance - All securities issued are subject to a statutory hold period until February 3, 2026, and the Offering is pending final approval from the TSX Venture Exchange [6]. Company Overview - Noble Plains Uranium Corp. focuses on uranium exploration and development in the U.S., targeting high-potential projects suitable for In Situ Recovery (ISR) to build a scalable inventory of domestic uranium [8].
GAMMA RESOURCES Announces increase in private placement to $1,300,000
Thenewswire· 2025-09-30 21:00
Group 1 - GAMMA Resources Ltd has increased its non-brokered private placement from gross proceeds of up to $1,000,000 to $1,300,000 [1][2] - The first tranche of the private placement closed on September 5, 2025, raising gross proceeds of $651,060 [1] - A second tranche is anticipated to close on or before October 7, 2025, pending acceptance by the TSX Venture Exchange [1] Group 2 - The private placement will consist of up to 11,000,000 units priced at $0.12 per unit, each unit comprising one common share and one warrant [2] - Each warrant allows the holder to acquire an additional common share at an exercise price of $0.18 for 36 months following the closing date [2] Group 3 - The financing will support GAMMA's investments in uranium properties in Utah and New Mexico and advance its proprietary rare-earth element extraction process licensed to ACDC Metals Ltd in Australia [3] - All securities issued will be subject to a four-month hold period and are not registered under U.S. securities laws [3] Group 4 - GAMMA Resources Ltd focuses on uranium exploration and development in the U.S., with key projects including the Green River Project in Utah and the Mesa Arc Project in New Mexico [5] - The company aims to benefit from favorable policy and market conditions in the U.S. nuclear landscape, providing responsibly sourced uranium supply [5]
Noble Plains Increases Private Placement to $1,049,725
Newsfile· 2025-09-27 02:59
Company Overview - Noble Plains Uranium Corp. is focused on uranium exploration and development in the U.S., targeting high-potential projects suitable for In Situ Recovery (ISR), which is noted for being capital-efficient and environmentally responsible [4]. Private Placement Details - The company has increased its non-brokered private placement by 107,611 units, bringing the total to 11,663,611 units at a price of $0.09 per unit, aiming for gross proceeds of up to $1,049,725 [1]. - Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.15 for two years [1]. Regulatory Approval - The offering is subject to necessary regulatory approvals, including that of the TSX Venture Exchange [2].
Here is Why Denison Mines (DNN) Surged This Week
Yahoo Finance· 2025-09-25 04:23
Group 1 - Denison Mines Corp. (NYSEAMERICAN:DNN) experienced a share price increase of 12.8% from September 16 to September 23, 2025, making it one of the top-performing energy stocks for the week [1] - The company focuses on uranium exploration and development, particularly in the Athabasca Basin region of northern Saskatchewan, Canada [2] - The surge in Denison Mines' stock price is attributed to a rise in uranium futures in the US, which exceeded $80 per pound, the highest level in ten months, following statements from US Energy Secretary Chris Wright about boosting the strategic uranium reserve [3] Group 2 - Denison Mines has invested over $1 million in Foremost Clean Energy to support the exploration of its 330,000-acre uranium portfolio in Saskatchewan's Athabasca Basin [4]
Update: Terra Clean Energy Corp. Enters into Definitive Agreements  to Acquire Uranium Claims on The San Rafael Swell, Utah, United States
Globenewswire· 2025-09-24 21:01
Core Viewpoint - Terra Clean Energy Corp has entered into definitive agreements to acquire up to a 100% interest in the Wheel Anne Claims and the Green Vein Mesa Claims located in Emery County, Utah, demonstrating the company's commitment to expanding its portfolio of uranium assets [1][2]. Acquisition Details - The agreements require cash payments, share issuances, and exploration expenditures to earn interests in the claims [2]. - For the Wheal Anne Claims, to earn a 20% interest, the company must pay USD$20,000 and issue 500,000 common shares, along with incurring USD$100,000 in exploration expenditures within the first year [3]. - The structure for earning interests in the Wheal Anne Claims includes additional payments and share issuances over a five-year period, culminating in a total cash payment of USD$233,333 and issuance of 2,500,000 common shares for a 100% interest [3]. - The Green Vein Mesa Claims require a similar structure, starting with a USD$10,000 cash payment and 250,000 common shares for a 20% interest, with total payments and share issuances reaching USD$116,667 and 1,250,000 common shares for a 100% interest over four years [4][5]. Regulatory and Compliance - The definitive agreements are subject to regulatory approvals, including from the Canadian Securities Exchange, with the "Effective Date" being the date all approvals are received [6]. - All securities issued in connection with these agreements will be subject to a four-month plus one day hold period from the date of issuance [7]. Marketing Agreements - Terra Clean has engaged Green Crescent Capital for marketing services, with a one-time fee of USD$5,000 for a one-month term [8]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500 [9]. Company Overview - Terra Clean Energy is a Canadian-based uranium exploration and development company, currently developing the South Falcon East uranium project in Saskatchewan and past producing uranium mines in Emery County, Utah [10].