Orpheus Uranium (ASX:ORP) has received firm commitments for a share placement of approximately 70.4 million new fully paid ordinary shares, raising $4.36 million from $0.062 per share.
ISOEnergy (TSE:ISO) will cornerstone the placement with an investment of $1.5 million.
The placement is being completed under the company’s existing placement capacity under ASX listing rules 7.1 and 7.1A. The issue price of $0.062 per share represents a 2.9% discount to the 15-day volume weighted average price (VWAP) up to 30 January 2026 of $0.064 and is approximate to the 20-day VWAP price, up to and including 30 January 2026 of $0.062.
Managing Director Clinton Dubieniecki says that the company welcomes the investment from ISOEnergy as a strategic investor.
“Their decision to invest is a strong endorsement of the quality of our uranium portfolio, the significant progress we have made in advancing our projects, and the technically strong and highly capable team we have built.”
The funds raised through the placement will be used to advance projects in South Australia, Northern Territory, and Western Australia, while also supporting additional portfolio development.
Orpheus Uranium is a uranium exploration company with projects across Australia.
Write to Amy Rotman at Mining.com.au
Images: Orpheus Uranium
