https://www.miningweekly.com

Uranium Resources shareholders approve Aspire funding arrangement

9th June 2016

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Shareholders of Turkey-focused Uranium Resources have approved the company’s $12-million funding arrangement with Aspire Capital Fund, the ASX-listed uranium developer reported on Thursday.

The purchase agreement, under which Uranium Resources would place stock with Aspire over a 30-month term, was executed in April.

“With shareholders' support, and despite a challenging commodity and capital markets environment, we have been able to make important progress in the execution of the strategy we defined three years ago – that is, to advance the development of low-cost, near-term production,” said Uranium Resources president and CEO Christopher Jones.

Uranium Resources was focused on advancing the Temrezli in-situ recovery project in central Turkey. It also controlled extensive exploration properties under nine exploration and operating licences covering about 13 000 ha with numerous exploration targets, including the potential satellite Sefaatli project. 

The company also had assets in the US.

Edited by Creamer Media Reporter

Comments

Showroom

Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.068 0.111s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: