It comes after the company had its broker Bell Potter arranging investor meetings last week to talk up its prospects.
ASX-listed Alligator Energy launched a $23 million capital raising on Monday morning with its broker Bell Potter in tow.
Uranium prices hit 12-year high in mid-September amid fears of a supply crunch from a coup in Niger, and a decision by Canadian miner Cameco to curtail production.It comes after the uranium junior had its broker Bell Potter arranging investor meetings last week to talk up its prospects,The offer was structured as a placement to raise $20 million and a share purchase plan to raise another $3 million. Shares were priced at 5.2¢ per share – a 23.
Alligator has a nearly $220 million market capitalisation and was down to $18.5 million cash at June 30. Potential investors were told the proceeds would be used to fund a feasibility study, mining lease application and as an ongoing resource for Alligator’s Samphire Project in South Australia.Uranium spot has been surging recently, touching on $65 on Friday night. The bellwether uranium equity ETF, URA, has similarly been flying.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uranium play Alligator Energy on fundie charm offensive; Bells in towListed uranium junior Alligator Energy, whose shares are up 70 per cent year to date, held investor meetings last week in what fund managers reckon was a warm-up session for an impending cash call.
Read more »
There is a ‘huge opportunity’ for Australia to capitalise on renewable energy transitionThe global energy transition to net zero emissions by 2050 is going to require a massive 50 per cent increase in capital investment to about $4.2 trillion dollars every year. Research company Wood Mackenzie says in its latest Energy Transition Outlook report that no major country is on track to meet their 2030 emissions reduction goals. Wood Mackenzie Vice Chair of Energy APAC Gavin Thompson said there is a “huge opportunity” for Australia to fully capitalise on the upside of the energy transition. “To continue as a major energy and commodity supplier of low carbon energy to the world,” he told Sky News Australia. “We’ve got lots of projects in the pipeline, we’ve got to turn them into a reality.”
Read more »
Surge of interest as battery, energy projects clamour for $1b SEC boostVictoria’s revived State Electricity Commission has received more than 100 registrations from energy and battery projects hoping to receive up to a $1 billion from its investment fund.
Read more »
Energy rebates will go up next year in NSW. Here is what it means for youConcession card holders in New South Wales are set to get a little more help with their power bills after this year&x27;s price hike pain.
Read more »
How Warwick Capper capped Cameron’s 40th game; Giants full of energyThe Collingwood ruckman still laughs at how his coach got the former Swans high-flyer involved in his quasi-milestone game, and confidence builds at GWS ahead of Friday’s preliminary final.
Read more »
Australia offers ‘a number’ of positives for renewable energy generationGentari Chief Renewables Officer Kian Min Low says Australia offers “a number” of positives for renewable energy generation. Petronas’ Gentari aims to produce more than five gigawatts of renewable electricity in Australia by 2030. “The resources on solar is huge, plenty of land obviously available, the wind resources also very good, battery developments are also possible,” he told Sky News Australia. “Obviously, Australia has got significant mineral deposits for battery developments. “But it’s also a country where there is open access and very open in terms of investments.”
Read more »