U92 Energy closes C$1.5M placement to fund Guyana uranium push

What's the deal? U92 EnergyDealroom has a profile for this one. Try Dealroom → has closed an upsized, non-brokered private placement of 3,750,000 units at C$0.40 each, raising C$1.5 million in gross proceeds. The Toronto-based company trades on the TSX Venture Exchange under the ticker UTWO.

The terms: Each unit included one common share and half a warrant, with each full warrant exercisable at C$0.65 until August 27, 2030. U92 paid roughly C$66,600 in finders' fees and issued 225,000 finder warrants tied to the raise.

What's the endgame? Net proceeds will advance U92's Kurupung uranium project in Guyana, cover deferred cash payments for its Guyana projects, and fund general working capital.

Why now? The placement follows an C$8 million brokered prospectus offering that closed on August 12, 2026. Together, the two raises give U92 a fuller war chest for its exploration campaign.

Chief executive officer Adam Clode said the raises "will significantly help advance our exploration activities in Guyana by supporting local employment, contractors and service providers, as we continue to unlock the potential of our prospecting licenses and drive shareholder value."

The signal: At roughly $1.1 million, the raise is a modest one, landing in the bottom sliver of tracked rounds by size. But paired with the larger prospectus offering, it reflects renewed investor appetite for uranium exploration as junior miners chase early-stage licenses.

Read more: wallstreet-online.de

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