Alligator Energy advances uranium and energy metals exploration across its multi-jurisdictional portfolio
The company has one of the most capable and experienced physical uranium investment ‘partnerships’ on the ASX.
Company
ASX:AGE
Alligator Energy is a uranium and energy metals project development and exploration group with clear pathways for approval and development through its multi-jurisdictional portfolio. This includes the Samphire Uranium Project, 20km south of Whyalla in South Australia, which has a 18.0 million pound uranium resources, a robust scoping study for production of 1.2 million pounds a year, and a pilot plant planned, subject to approvals.
85 stories · page 4 of 5
The company has one of the most capable and experienced physical uranium investment ‘partnerships’ on the ASX.
The company has also been granted approval by the SA Department for Energy and Mining of the Exploration Program for Environment Protection and Rehabilitation (E-PEPR) for proposed drilling operations at the Samphire Uranium Project.
With the availability of additional funds following the closing of the placement, it aims to advance the Samphire Project through scoping and feasibility work in an improving uranium market.
The Solactive Global Uranium and Nuclear Components Total Return Index, which is tracked by Global X Uranium ETF, is the largest exchange-traded fund in the uranium sector.
A contractor is mobilising for the airborne survey as a key step to advancing and testing a conceptual new ISR field at Big Lake Uranium Project in South Australia.
The company is earning into an initial 50.1% stake in the project by spending $650,000 on exploration.
Alligator Energy Ltd (ASX:AGE) has been granted a trading halt by the ASX, pending the completion of an underwriting arrangement for a non-renounceable rights issue.