Valor backers pump $5.4m in for Canadian uranium hunt

Valor Resources has extracted a handy $5.4m from the market to throw at its Canadian uranium projects as it ramps up exploration activities amid strengthening uranium prices. The Perth-based explorer is knee deep in a flurry of exploration activities as the uranium price is spurred on by increased global demand for yellow cake. Valor Resources Executive Chairman George Bauk. Credit: File Valor Resources has extracted a handy $5.4m from the market to throw at its Canadian uranium projects as it ramps up exploration activities amid strengthening uranium prices. The Perth-based explorer is knee deep in a flurry of exploration activities as the uranium price is spurred on by increased global demand for yellow cake.

The company recently completed a placement through the issue of 319 million new shares priced at 1.71 cents. Curiously, the price represents a seven per cent premium to Valor’s closing market price of 1.6 cents on […]

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