Successful AU$1.8 million Capital Raise to Advance Uranium Project Portfolio

Global Uranium and Enrichment Limited (ASX: GUE) has secured binding commitments to raise AU$ 1.8 million by placing approximately 29 million fully paid ordinary shares at AU$ 0.062. Settlement is expected on 23 January 2025, with the new shares ranking equally with the existing ones.

The funds will support due diligence on complementary uranium assets, staking new claims, annual payments on current projects, and general working capital. GUE is also in advanced discussions regarding potential acquisitions and joint ventures to expand its uranium portfolio. This placement reinforces GUE's strategic growth focus in the uranium sector.

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