Alligator Energy Announces A$18m Capital Raise
Key points
- Commitments for A$15m placement at A$0.045 per share
- Share Purchase Plan for eligible shareholders to raise up to A$3m
- Funds to support drilling programs and feasibility study for Samphire Uranium Project
Full summary
Alligator Energy Limited has announced a capital raise of A$18m through a placement and Share Purchase Plan (SPP). The placement, at A$0.045 per share, aims to raise A$15m and is supported by both existing and new institutional investors. The SPP, also at A$0.045 per share, seeks to raise up to A$3m from eligible shareholders. The funds will support resource drilling programs at Blackbush, Plumbush, and the corridor between the two deposits, complete the current drill program at the Big Lake project, progress the mining lease application for the Samphire Uranium Project, and advance the feasibility study targeting completion in Q3 2027.
Guidance
None
Outlook
Alligator Energy expects to achieve several milestones over the next 12 to 18 months, including drilling, technical, permitting, and exploration milestones.
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