{"id":127,"date":"2024-08-06T13:42:48","date_gmt":"2024-08-06T13:42:48","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/06\/nuclear-fuels-increases-private-placement-encore-energy-corp-to-maintain-pro-rata-ownership\/"},"modified":"2024-08-06T13:42:48","modified_gmt":"2024-08-06T13:42:48","slug":"nuclear-fuels-increases-private-placement-encore-energy-corp-to-maintain-pro-rata-ownership","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/06\/nuclear-fuels-increases-private-placement-encore-energy-corp-to-maintain-pro-rata-ownership\/","title":{"rendered":"Nuclear Fuels Increases Private Placement; enCore Energy Corp. to Maintain Pro-Rata Ownership"},"content":{"rendered":"<div>\n<div>\n<p><span>CSE:NF<br \/> OTCQX:NFUNF <\/span><\/p>\n<p>Nuclear Fuels Inc. (CSE:NF | OTCQX:NFUNF) (\u2018Nuclear Fuels\u2019\u00a0or\u00a0the\u00a0\u2018Company\u2019) announced today an increase to its previously announced private placement ( NF News Release dated June 24, 2024 ) to 2,446,483 units, for gross proceeds of $856,259 as a result of enCore Energy Corp. exercising its right to maintain its pro-rata ownership. Gregory Huffman will be purchasing 2,000,000 units in conjunction with his appointment as Chief Executive Officer of Nuclear Fuels. enCore Energy Corp., a NASDAQ-listed company and Nuclear Fuels\u2019 largest shareholder, will purchase 446,483 units to maintain their pro rata share ownership of the Company at 18.3%. Each unit consists of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase one common share at a price of $0.55 for a period of two years from closing of the offering. Closing of the offering is expected to occur on or before August 12, 2024 .<\/p>\n<div>\n<\/div>\n<p> About\u00a0Nuclear\u00a0Fuels\u00a0Inc. <\/p>\n<p>Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery (\u2018ISR\u2019) amenable uranium projects towards production in <span> the United States of America <\/span> . Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the\u00a0Kaycee Wyoming district under single-company control for the first time since the early 1980s. Currently executing its second drill program at the\u00a0Kaycee Project, the Company aims to expand on historic resources across a 33-mile trend with over 110 miles of mapped roll-fronts defined by 3,800 drill holes.\u00a0The Company\u2019s strategic relationship with enCore Energy Corp., America\u2019s Clean Energy Company, offers a mutually beneficial \u2018pathway to production,\u2019 with enCore retaining the right to back-in to 51% ownership in the flagship Kaycee Project in <span> Wyoming\u2019s <\/span> prolific Powder River Basin. <\/p>\n<p> The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. <\/p>\n<p> SOURCE Nuclear Fuels Inc.<\/p>\n<p> View original content to download multimedia:  http:\/\/www.newswire.ca\/en\/releases\/archive\/August2024\/06\/c6093.html <\/p>\n<\/div>\n<\/div>\n<p>News Provided by Canada Newswire via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CSE:NF OTCQX:NFUNF Nuclear Fuels Inc. (CSE:NF | OTCQX:NFUNF) (\u2018Nuclear Fuels\u2019\u00a0or\u00a0the\u00a0\u2018Company\u2019) announced today an increase to its previously announced private placement ( NF News Release dated June 24, 2024 ) to 2,446,483 units, for gross proceeds of $856,259 as a result of enCore Energy Corp. exercising its right to maintain its pro-rata ownership. Gregory Huffman will [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=127"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/128"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}