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Fission raises C$75m for PLS uranium project

Winter exploration at the PLS project

Winter exploration at the PLS project

6th February 2024

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

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Kelowna-headquartered uranium exploration and development company Fission on Monday announced a C$75-million bought-deal financing to fund work at the PLS project, in the Athabasca basin.

Canaccord Genuity and SCP Resource Finance, on behalf of a syndicate of underwriters, will purchase on a “bought deal” basis 63.56-million common shares at a price of C$1.18 a share.

The underwriters have an option to purchase an additional 15% of the common shares.

The PLS project is a proposed high-grade mine and mill, which will produce 90.9-million pounds of uranium oxide over a ten-year mine life.

Edited by Creamer Media Reporter

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