Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump considers tax hike on Americans making $2.5...
GOP senators: Congress should vote on Trump’s potential...
White House highlights over $2B in savings from...
GOP talk on millionaire tax hike ‘makes no...
Trump’s first vice president urges his old boss...
Department of Justice opens criminal investigation into NY...
Trump claims ‘I don’t know her’ and ‘listened...
Rubio just got an additional job in Trump’s...
OpenAI’s Sam Altman thanks Sen John Fetterman for...
Former Supreme Court Justice David Souter dead at...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Nuclear Fuels Increases Private Placement; enCore Energy Corp. to Maintain Pro-Rata Ownership

by admin August 6, 2024
August 6, 2024
Nuclear Fuels Increases Private Placement; enCore Energy Corp. to Maintain Pro-Rata Ownership

CSE:NF
OTCQX:NFUNF

Nuclear Fuels Inc. (CSE:NF | OTCQX:NFUNF) (‘Nuclear Fuels’ or the ‘Company’) announced today an increase to its previously announced private placement ( NF News Release dated June 24, 2024 ) to 2,446,483 units, for gross proceeds of $856,259 as a result of enCore Energy Corp. exercising its right to maintain its pro-rata ownership. Gregory Huffman will be purchasing 2,000,000 units in conjunction with his appointment as Chief Executive Officer of Nuclear Fuels. enCore Energy Corp., a NASDAQ-listed company and Nuclear Fuels’ largest shareholder, will purchase 446,483 units to maintain their pro rata share ownership of the Company at 18.3%. Each unit consists of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase one common share at a price of $0.55 for a period of two years from closing of the offering. Closing of the offering is expected to occur on or before August 12, 2024 .

About Nuclear Fuels Inc.

Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery (‘ISR’) amenable uranium projects towards production in the United States of America . Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee Wyoming district under single-company control for the first time since the early 1980s. Currently executing its second drill program at the Kaycee Project, the Company aims to expand on historic resources across a 33-mile trend with over 110 miles of mapped roll-fronts defined by 3,800 drill holes. The Company’s strategic relationship with enCore Energy Corp., America’s Clean Energy Company, offers a mutually beneficial ‘pathway to production,’ with enCore retaining the right to back-in to 51% ownership in the flagship Kaycee Project in Wyoming’s prolific Powder River Basin.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE Nuclear Fuels Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2024/06/c6093.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

previous post
Coniagas Battery Metals Identifies Cobalt-Copper Concentrates for Processing Using Re-2Ox
next post
4 Ways to Invest in Gold for Retirement (Updated 2024)

You may also like

Top 5 Canadian Mining Stocks This Week: American...

October 12, 2024

Gold Hits Fresh All-time High, Then Pulls Back...

September 19, 2024

Clarification to Offtake & Distribution Agreement

May 1, 2025

Cannabis Round-Up: US Sets Date for Hearing on...

September 4, 2024

5 Best-performing Canadian Cleantech Stocks of 2024

January 2, 2025

Altech Batteries LtdCERENERGY Battery Project Funding Update

November 22, 2024

Wheaton Precious Metals Dedicates US$1 Million Prize to...

September 19, 2024

Prismo Metals Announces Debt Settlement

August 13, 2024

Heritage Mining Announces Encouraging Gold Results from New...

May 7, 2025

LaFleur Minerals Provides Update on Beacon Mill Restart,...

March 21, 2025

Recent Posts

  • Trump considers tax hike on Americans making $2.5 million or more per year
  • GOP senators: Congress should vote on Trump’s potential Iran nuclear deal
  • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days
  • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says
  • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (712)
    • Investing (2,058)
    • Politics (2,553)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.