AFR street talk

Freshly-listed uranium explorer 92 Energy is back raising again, this time with Canaccord Genuity for a $7.15 million institutional placement.

92 Energy is offering shares at 72¢ each, which is a 5.9 per cent discount to yesterday’s close.

The non-underwritten placement is for about 9.9 million total new shares.

It comes on the heels of 92 Energy’s Monday announcement, where it told investors it had struck uranium at its Gemini Project in Canada’s Athabasca Basin.

The discovery needs more drilling to get the full picture on the mineralisation, 92 Energy said in ASX filings.