- Write by:
-
Thursday, October 1, 2020 - 1:53:55 PM
-
521 Visit
-
Print
Mining News Pro - Uranium developer Boss Resources will raise A$15-million in a share placement to fund ongoing technical process optimisation studies and exploration at the Honeymoon project, in South Australia.
The single tranche share placement will consist of some 225-million shares, priced at 6.7c a share, with Boss having received firm commitments from institutional and sophisticated investors.
The placement price represents a 6.9% discount to Boss’ last closing price on September 28, and a 9.9% discount to its five-day volume weighted average share price.
The shares will be placed under Boss’ existing placement capacity, and will not require shareholder approval.
“We are pleased with the strong support received from Australian and global institutions including a broad range of existing and new investors. Proceeds from the placement secure the company’s first mover advantage as we progress our enhanced feasibility study and continue towards a Honeymoon restart decision,” said Boss MD and CEO Duncan Craib.
Boss in September engaged GR Engineering to evaluate the replacement of existing solvent extraction columns on the Honeymoon site, and initial results have indicated the potential for this to substantially increase the production profile and reduce operating costs.
These findings will be incorporated into the enhanced feasibility study, scheduled for delivery in the first half of 2021.
Short Link:
https://www.miningnews.ir/En/News/605671
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country ...
France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to ...
Uranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the ...
Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s ...
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it ...
Denison Mines and joint venture partner Orano Canada said on Wednesday they will restart the McClean Lake mine, located ...
Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow ...
Toro Energy has unveiled plans to grow its Wiluna uranium project in Western Australia with the integration of two of ...
Uranium prices jumped on Friday to an almost 15-year high after the world’s largest producer, Kazakhstan’s Kazatomprom ...
No comments have been posted yet ...