Standard uranium boosts drilling, eyes C$3 million up

Standard Uranium Ltd (TSE: STND) has released an update.

Standard Uranium Ltd. is taking advantage of the robust uranium market by resuming drilling at the Davidson River project and launching a private placement to raise up to C$3 million, in addition to an equity consolidation. Funds from the private placement will be used for exploration of the Davidson River Project and for general working capital, with specific proceeds from charity flow-through shares earmarked for Canadian exploration costs. The offering includes units and charity flow-through units, each accompanied by common share purchase warrants, to support the company’s growth in the green energy sector.

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