Basin Uranium Corp C.NCLR

$NCLR announces completion of BPP

[partystocker]

After a long wait, Basin Uranium $NCLR/$NCLR.C has announced the completion of their $3.6 million BPP. I’ve been waiting for this news since mid-October, as we can now expect $NCLR to commence exploration using the funds. 

CEO Mike Blady had the following to say:

"Now being fully funded for 2022, the Company is looking forward to deploying the proceeds on high quality, targeted exploration at Mann Lake. Planning is already well underway, and we will be updating the market as things progress,"

With shares of $NCLR bouncing off of support, I’m hoping this news can lead to an increase in investor confidence and spur some high volume to push shares into a strong trend. 

Shares of $NCLR.C are trading at $.64 and the company is valued at $5.79 million making them highly undervalued compared to their competitors IMO.

https://ceo.ca/@newsfile/basin-uranium-completes-36-million-brokered-private

 

[partystocker]

contd.... $NCLR is planning on using the proceeds to fund Canadian exploration expenses related to the Mann Lake Uranium project in Saskatchewan. Planning for the project is already underway so we can expect updates from $NCLR as progress is made.  I’m hoping this news can lead prices on a run past $.855 in the coming week. From there I’ll be looking for prices to break past further