GREY:UEXCF - Post by User
Post by
invest4funon Mar 29, 2021 11:21am
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Post# 32898222
another placement to purchase another 1.25mlbs of metal
another placement to purchase another 1.25mlbs of metalIt's still going on in the background...
Rather than pump money into restarting idled mines, a clear trend has emerged for uranium miners to buy physical uranium; the product someone else has already mined, processed and packaged for sale on the spot market.
The latest example came on Thursday when ASX-listed Boss Energy launched a $60 million raising.
“Placement proceeds will be used to finance the purchase of 1.25 million pounds of strategic uranium concentrate inventory at prevailing spot prices,” said the term sheet.