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American Uranium Launches $2.58M Rights Issue to Fund Lo Herma Drilling

8:36am on Friday 17th of April, 2026 AEST Mining
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American Uranium Launches $2.58M Rights Issue to Fund Lo Herma Drilling

8:36am on Friday 17th of April, 2026 AEST
Key Points
  • 1-for-6 rights issue priced at $0.12 per share with free attaching options
  • Funds targeted for infill drilling and hydrogeological studies at Lo Herma
  • Offer open to eligible shareholders in Australia, New Zealand, and Canada
  • Not underwritten; directors may allocate shortfall shares within three months
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