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Australia’s newest uranium play is poised to start trading on the ASX this afternoon after successfully raising $9m through a heavily oversubscribed IPO priced at 20c per share.
Strong support for the IPO was received from Australian and North American specialist resource and energy funds.
This should come as no surprise given the growing realisation that nuclear energy is necessary for energy security and could support the shift to net zero emissions.This positive outlook for nuclear is coupled with Basin Energy’s (ASX:BSN) suite of highly prospective assets located within the world-class Athabasca Basin in Saskatchewan, Canada, which is widely acknowledged as the highest-grade uranium district in the world.With the influx of capital from the IPO, the Company is now well funded to kick off surface mapping and sampling, geophysical data review and target generation work across its North Millennium, Geikie and Marshall projects, with drilling at […]
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