https://www.miningweekly.com

Kapore raises funds for Niger uranium hunt

3rd June 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Kapore Metals will raise A$3-million to fund exploration and development of its Agadez uranium project, in Niger.

The ASX-listed company on Friday announced that it had received firm commitments for the placement of 90.9-million shares, priced at 3.3c a share. More than 83.5-million of the shares will be placed under Kapore’s existing placement capacity, while the placement of the remaining 1.5-million shares will be subject to shareholder approval.

“We are extremely pleased with the response to the placement with firm commitments to raise a total of A$3-million before costs. In particular, we are delighted to have Kevin Bambrough supporting the placement as a cornerstone investor, and we also welcome other new domestic and global investors to the register,” said Kapore MD Caroline Keats.

“With the exploration program due to commence in early June 2022 with a 5 500 m drilling program at Agadez, we expect consistent news-flow over the coming months, as we continue to unlock the value of the Agadez project for our shareholders.”

The Agadez project is made of three exploration permits covering 726 km2, as well as an exploration application. The tenements were previously held by uranium miner Paladin Energy, which had acquired the project for $27-million.

 

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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