UVRE Limited Commences Trading on ASX

UVRE Limited Commences Trading on ASX

Uvre Limited (Uvre or Company) (ASX: UVA) is pleased to announce the successful completion of its public and priority offer, raising $6,000,000 via the issue of 30,000,000 Ordinary shares at $0.20 per share (Offer). The Company has 40,900,001 shares on issue for a market capitalisation (at $0.20) of $8.18M and an enterprise value (EV) of $2.18M1 .


Highlights

  • Uranium, vanadium and critical minerals exploration company Uvre Limited commenced trading at 11:00am AEST today under code ASX: UVA
  • Uvre successfully raised $6 million in an oversubscribed IPO
  • Tight capital structure with EV of $2.18M1
  • East Canyon Project (100% ownership) strategically located in wellknown uranium and vanadium district in Utah, USA.
Proceeds from the Offer will be used to further explore the East Canyon Project in south-eastern Utah, USA which is prospective for both uranium and vanadium, two minerals anticipated to play a key role in the generation and storage of low-carbon energy.
Permitting for an initial drill program of up to 50 holes at East Canyon has been received and planning for the first phase of drilling is currently underway.
As disclosed in the IPO Prospectus, the Company may also assess other value accretive and/or strategic acquisition opportunities, if such opportunities arise, with a focus on “new world minerals”, being those minerals that will be pivotal in technologies and developments associated with the de-carbonisation and electrification of the global economy and the evolution of the electric vehicle and battery markets.
The Company commenced trading today on the Australian Securities Exchange (ASX) at 11:00am AEST under the ticker UVA.
JP Equity Partners were Lead Manager to the IPO.
Managing Director, Pete Woods commented“We are very pleased by the strong response from both retail and institutional investors to the capital raising and the company’s strategy to explore and pursue critical minerals. I would like to welcome the new shareholders to the Company and thank Lead Manager JP Equity Partners, and also both Grange Consulting and Steinepreis Paganin for their assistance with the successful listing of Uvre”.
Authorised for ASX lodgement by the Managing Director.
Peter Woods
Managing Director
+61 8 9322 7600
pw@uvrelimited.com
Steven Wood
Company Secretary
+61 8 9322 7600
admin@uvrelimited.com

Click here for the full ASX Release

This article includes content from Uvre Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
UVA:AU
The Conversation (0)
Industrial Minerals Limited

IND Establishes HPQ Exploration Target at Pippingarra Project

Industrial Minerals Ltd (ASX: IND or the Company) is pleased to announce a Maiden Exploration Target for High Purity Quartz (HPQ) at its Pippingarra Quarry Project (Pippingarra) located 30km south-east of Port Hedland, in the Pilbara region of Western Australia (Figure 1).

Keep reading...Show less
Firebird Metals

China-Based Battery Grade High-Purity Manganese Production Strategy

Investor Site Visit Presentation - April 2024

Firebird Metals Limited (ASX:FRB) is pleased to present its investor presentation.
Keep reading...Show less
  Summit Minerals Limited

Summit to Acquire Transformational Brazilian Niobium, Rare Earth & Lithium Portfolio

Summit Minerals Limited (ASX: SUM) (“Summit” or the “Company”) is excited to announce that it has signed binding agreements (“Agreements”) to acquire tenement packages highly prospective for rare earth elements (REE), niobium, and lithium. Term sheets were signed with vendors RTB Geologia & Mineracao Ltda (RTB), Sandro Arruda Silva Ltda. (SAS), and Mineracao Paranal Ltda (MPL) to acquire legal ownership and title over certain Exploration Permits and Applications for Exploration covering an area of 29,267 hectares in Minas Gerais and Paraiba States, Brazil (Figure 1; Table 2).

Keep reading...Show less
West Cobar Metals Limited

Positive Findings from Newmont Ti Benchmarking Study

West Cobar Metals Limited (ASX:WC1) (“West Cobar”, “the Company”) is pleased to provide an update on activities at its Salazar critical minerals project in Western Australia.

Keep reading...Show less
Augustus Minerals

High Grade Copper Rock Chips to 18% on New Targets at Ti-Tree

Augustus Minerals (ASX: AUG; “Augustus” or the “Company”) is pleased to advise the results of recent reconnaissance mapping and sampling at the Ti-Tree Project, located 200kms east of Carnarvon in Western Australia. The mapping, supported by 26 rock chip samples, identified two areas containing mineralised veins and historic workings (Figure 1). Neither of these prospects are recorded on GSWA maps.

Keep reading...Show less
The Ngwenya mine in Swaziland.

From the Bronze Age to the Green Revolution: Mining's Timeless Role in Shaping Humanity's Future

Mining is one of the oldest industries on Earth. With activity stretching back as many as 40,000 years, human advancement is closely correlated to our relationship with metals and minerals.

Indeed, modern society has been made possible through the extraction of metals and the ages this work has ushered in, from the historic Bronze Age to the more recent Industrial Revolution.

Now, 54 years after the inaugural Earth Day, the world is preparing for the green energy transition. And as this essential shift moves forward, metals are again playing an integral role in achieving the ambitious goals set globally.

Keep reading...Show less

Latest Press Releases

Related News

×