The South America-focused company is engaged in the exploration and resource expansion of uranium and associated commodities.
With proceeds from the funds, the company intends to primarily accelerate the completion of a positive preliminary economic assessment on U3O8 Corp’s initial deposit in Colombia.
Proceeds will also be employed towards uranium exploration projects in Argentina and Guyana as well as general corporate purposes.
Each offered unit comprises one common share of U3O8 Corp and one-half of a share purchase warrant allowing the buyer to purchase one share at $0.30 for a period of 24 months from the closing date.
The share placement is subject several conditions, including the receipt of all regulatory approvals.
