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American Uranium Limited (ASX:AMU)

ALERT: Price-sensitive ASX Announcement for AMU
Current share price for AMU : $0.072 -0.019 (-20.88%)+
Announcement
Release
29 May 2026 9:23AM
Price at Release
$0.091
Full Release
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Summary
American Uranium Limited has extended the closing date of its pro rata non-renounceable entitlement offer from 5 June 2026 to 15 July 2026. This extension provides shareholders additional time to assess participation in the offer, particularly in light of expected drilling results from the Lo Herma ISR uranium project in Wyoming. The extension aims to allow shareholders to make more informed decisions in a stabilizing market. The offer terms remain unchanged, with an issue price of A$0.12 per new share, an entitlement ratio of 1 new share for every 6 shares held, and attaching options priced at A$0.16 with an expiry of 30 June 2029.
Key Points
  • Offer extended to 15 July 2026
  • Final drilling results at Lo Herma expected by early July
  • Market conditions are stabilizing
  • Continued support from strategic shareholders
  • Entitlement offer issue price is A$0.12 per share
  • Entitlement ratio of 1:6
  • Attaching options priced at A$0.16
  • Option expiry on 30 June 2029
  • Revised offer timetable provided
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.