(NewsDirect)
Alligator Energy Ltd(ASX:AGE) CEO Greg Hall speaks with Proactive following the news thecompany has raised $25.5 million via a share placement that wasstrongly supported by high net worth and institutional shareholders,both in Australia and overseas. Placement proceeds will assist thecompany evaluate and fund potential future uranium and energy mineralopportunities. They will also enable Alligator to enhance workprograms at the Samphire Uranium Project in South Australia next year,where key upcoming activities include a feasibility study and mininglease application, and an expanded resource drilling and geophysicsprogram.
Hallsaid, “Alligator Energy is very pleased to be able to raise thesefunds to enable the completion of important future steps towardsproduction at the Samphire Uranium Project, beyond the planned FieldRecovery Trial (FRT) early next year.
"Based on successful results from theFRT, the funds will be targeted through 2024 towards significantSamphire uranium resource growth, feasibility study, Mining Leaseapplication for approval of the initial economic project, and initialsupportively priced and structured uranium offtakeagreements.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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