Completion of Placement
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| Stock | AMU.ASX (AMU.ASX) |
|---|---|
| Release Time | 16 Apr 2026, 9:17 a.m. |
| Price Sensitive | Yes |
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American Uranium Completes A$2.64 Million Placement
Key Points
- Raised A$2.64 million through placement of 22 million new shares at A$0.12 per share
- Funds to be used for drilling, permitting, and technical studies at Wyoming uranium projects
- CPS Capital Group acted as lead manager to the placement
Full Summary
American Uranium Limited (ASX:AMU) has announced the completion of a A$2.64 million placement. The company issued 22 million new fully paid ordinary shares at an issue price of A$0.12 per share to institutional and sophisticated investors. The funds raised will be used to progress drilling, permitting, and technical studies at the company's Wyoming uranium projects, as well as for general working capital. CPS Capital Group Pty Ltd acted as the lead manager to the placement. An Appendix 2A detailing the issue of the new shares has been lodged with the ASX.
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