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American Uranium Raises A$2.64 Million Placement Following Lo Herma Resource Upgrade

9:30am on Thursday 9th of April, 2026 AEST Mining
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American Uranium Raises A$2.64 Million Placement Following Lo Herma Resource Upgrade

9:30am on Thursday 9th of April, 2026 AEST
Key Points
  • A$2.64 million raised via placement at A$0.12 per share with 7% discount
  • Lo Herma resource upgraded to 9.45 million pounds eU3O8 with improved grade
  • Strategic investor Frontier Nuclear maintains 9.92% stake through placement
  • Non-renounceable rights entitlement offer planned to raise up to A$2.58 million
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