Valor backers pump $5.4m in for Canadian uranium hunt

Valor backers pump $5.4m in for Canadian uranium hunt

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 the 22nd November 2021 and a four per cent discount to the 15-day volume weighted average price.

Valor is juggling seven projects in the uranium-rich Athabasca Basin of northern Saskatchewan, Canada that boasts some of the world’s highest-grade uranium deposits including Cameco’s Cigar Lake deposit which has a reported uranium oxide grade going a […]

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