Valor Resources boosts funds through A$270,000 option conversion as airborne survey completes at Hook Lake Uranium Project
Data from the survey will assist with the preparation of a follow-up ground-based program to identify new targets.
Permit applications are in progress for the upcoming ground-based work following up on historical data
Valor Resources Ltd (ASX:VAL) (FRA:LFY) (OTCMKTS:VOYRF) has received a boost in funds following the early exercise of 60 million unlisted options at A$0.0045 to raise A$270,000 coinciding with the completion of an airborne survey at the Hook Lake Uranium Project in northern Saskatchewan, Canada.
The company will utilise the funds from the exercise of 60 million unlisted options expiring February 11, 2024, to further its Peru and Canadian projects and for working capital purposes.