** Shares of Orpheus Uranium ORP.AX rise 2.9% to A$0.035, their highest since March 7

** The uranium explorer acquires Pirie Basin Uranium Project in South Australia

** Also announces A$1.25 million ($801,625.00) capital raising at A$0.028 per share to fund exploration activities on the acquired project

** Stock down 8.6% YTD, including moves in current session

($1 = 1.5593 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))