New Uranium news, page-118

Actually, it seems they are oaky for cash. Read the following extract from the December quarterly report.

During the quarter the Company utilised the Controlled Placement Agreement (CPA) entered into with Acuity Capital
Investment Management Pty Ltd (Acuity Capital) as announced on 11 May 2020. On 29 October 2020 the Company
also completed a placement of 100,000,000 fully paid ordinary shares in the capital of the Company (Shares) to Acuity
Capital at an issue price of $0.01435 per Share to raise total proceeds of $1,435,000. Funds raised by that issue were
used to finance drilling campaigns or will be used to finance further drilling campaigns on both the Dusty Nickel Project
and Yandal Gold Project as well as for working capital. During the quarter the Company and Acuity Capital also agreed
to increase the maximum amount of capital available under the CPA to $15 million. As at the end of the quarter the
Company had utilised the CPA to raise a total of $2,635,000 and the remaining standby equity capital available under
the CPA at the end of the quarter was $12,365,000.