Nuclear Fuels Corporation (NFC) has announced a bought deal private placement of 5 million common shares at a price of $0.50 per share. The offering is expected to close on or about April 30, 2021 and is subject to regulatory approval.
NFC is a Canadian-based uranium exploration and development company focused on the exploration and development of uranium deposits in the Athabasca Basin in Saskatchewan, Canada. The company has a portfolio of projects in the region, including the high-grade Patterson Lake South (PLS) project, which is the largest undeveloped uranium deposit in the world.
The proceeds from the offering will be used to fund the exploration and development of the PLS project, as well as for general corporate purposes. NFC has also entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Canaccord Genuity Corp., Haywood Securities Inc., and PI Financial Corp.
The offering is expected to provide NFC with the necessary capital to continue its exploration and development activities at the PLS project. The project is expected to be a major contributor to the uranium industry in the future, and the offering will provide NFC with the necessary resources to continue its exploration and development efforts.
NFC is confident that the offering will be successful and that the proceeds will be used to further the company’s exploration and development activities. The offering is expected to close on or about April 30, 2021 and is subject to regulatory approval.
NFC is a Canadian-based uranium exploration and development company focused on the exploration and development of uranium deposits in the Athabasca Basin in Saskatchewan, Canada. The company has a portfolio of projects in the region, including the high-grade Patterson Lake South (PLS) project, which is the largest undeveloped uranium deposit in the world. The offering is expected to provide NFC with the necessary capital to continue its exploration and development activities at the PLS project. The project is expected to be a major contributor to the uranium industry in the future, and the offering will provide NFC with the necessary resources to continue its exploration and development efforts.