CAPITAL MARKETS

Uranex secures yellowcake funds

URANEX has tapped the market for $A5.5 million in a bid to advance its portfolio of tenements in Tanzania and Australia, with the company still locked in native title negotiations over its Thatcher Soak project in Western Australia.

Ben Sharples

Uranex secures yellowcake funds

The company issued 9.87 million shares with undisclosed Australian and overseas institutional and sophisticated investors at 56c each to raise the funds. Patersons Securities was the lead manager for the...

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