BUZZ-Australia's Elevate Uranium slips on discounted placement
Reuters
Oct 31, 2025
BUZZ-Australia's <a href="https://laohu8.com/S/ELVUF">Elevate Uranium</a> slips on discounted placement
** Shares of Australia's Elevate UraniumEL8.AX fall as much as 10% to A$0.36, their biggest intraday percent drop since October 22
** Uranium explorer raises A$25 million ($16.25 million) via placement at A$0.35 per share
** Placement price represents a 12.5% discount to the last closing price
** Proceeds to be used to accelerate and expand the U-pgrade pilot plant program in Namibia, fund resource definition and expansion drilling across Namibia and Australia, and advance key technical studies, among others
** EL8 slides 18% so far this month; YTD up 37.7%
($1 = 1.5389 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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