Stallion Uranium raises C$1.2 million through placement

Stallion Uranium Corp. has announced a private placement to raise up to C$1.3 million by offering 13 million common shares at C$0.10 each. This is a non-brokered offering, with shares available to investors in Canada and a limited amount for U.S. investors. The shares distributed in Canada will be freely tradable, while those sold in the U.S. will have restrictions. The company aims to use the funds for corporate purposes and exploration on their properties in the Athabasca Basin, known for high-grade uranium deposits. The offering's completion is subject to regulatory approvals, and it is expected to close by April 18, 2025.