Nuclear Fuels Inc. announced today it has closed its previously-announced non-brokered private placement of 2,446,483 units at a price of $0.35 per unit for total proceeds of $856,269. In conjunction with his appointment and at closing Gregory Huffman, Chief Executive Officer and Director, acquired 2,000,000 Shares and 1,000,000 Warrants, representing 3.19% of the outstanding shares and 4.7% of the outstanding shares on a partially diluted basis.
enCore Energy Corp., a NASDAQ-listed company and Nuclear Fuels' largest shareholder, acquired 446,483 units to maintain its 18.3% holding in the Company. enCore Energy Corp. now holds and controls 11,490,543 Shares representing 18.3% of the outstanding shares and 1,081,372 Warrants representing 19.68% of the outstanding...