Thunderbird filling coffers ahead of Canadian uranium hunt

Thunderbird Resources is amassing $4.1 million for its uranium exploration in Canada. Credit: File Perth-based explorer Thunderbird Resources is beefing up its bank balance to the tune of $4.1 million ahead of a 2400m drilling blitz targeting high-grade uranium at its flagship Hidden Bay project in the globally-renowned Athabasca Basin in Canada.

Fieldwork programs are already underway, with the company’s drill-testing of multiple targets at the operation expected to kick off in August.

Management has also earmarked part of the funding to be utilised across its other Canadian uranium projects, including airborne geophysics at the Surprise Creek play where past drilling returned a 2.1m intercept at a cracking 4.37 per cent uranium.

The capital raise consists of a placement to secure $1.35 million at an issue price of 3c – representing only a modest 6.25 per cent discount to the previous closing share price of 3.2c. Respected corporate finance and stockbroking firm […]

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