Standard Uranium Ltd has closed the final tranche of its private placement to bring the total raised to $917,499.92.
Some 1,382,352 units were issued in connection with the final tranche, the uranium exploration company said on Monday, at a price of 8.5 cents per non-flow-through unit.
This meant 1,382,352 non-flow-through and eight million flow-through units had been issued through the non-brokered placement.
Each non-flow-through and flow-through unit incorporated a common share and a half share purchase warrant.
A full warrant would entitle the holder to buy an additional share for 15 cents within a year of the placement, Standard Uranium said.
Standard Uranium had said proceeds would be used to fund Canadian exploration expenses and flow-through critical mineral mining expenditures, qualifying under Canadian tax incentives, previously.
Standard Uranium is focused on uranium exploration in Saskatchewan’s prolific Athabasca Basin, home to some of the world’s highest-grade uranium deposits.