Green Canada Uranium raises US$366.7K in quick re-raise for Athabasca drilling
What's the deal? Green CanadaDealroom has a profile for this one. Try Dealroom → Uranium (TSXV: GCUC) has arranged a non-brokered private placement of up to US$366.7K, issuing flow-through common shares at US$0.09 each. The proceeds will fund Canadian exploration expenses that qualify as flow-through mining expenditures.
Why now? The raise comes weeks after the company began trading on September 9, 2026, following a reverse takeover and US$2.14M concurrent financing. A drill was mobilised to its flagship Marshall Project on the listing date, with drilling starting on September 16.
What's the endgame? Green Canada is a mineral resource company focused on uranium properties in Canada. It holds a 100%-owned Marshall Project — seven claims covering 11,225 hectares in Saskatchewan's eastern Athabasca Basin — plus holdings in Quebec's Otish Basin.
Investors backing the offering can claim the enhanced 30% Critical Mineral Exploration Tax Credit, along with regular flow-through deductions. The company plans to pay finder's fees, and closing depends on TSX Venture Exchange approval.
Alongside the financing, Green Canada engaged T2W Market Liquidity from November 1, 2026, for a flat US$2.57K monthly fee, and granted directors, officers, employees, and consultants options over 2,298,500 shares at US$0.08.
The signal: A quick follow-on raise so soon after listing points to an early-stage explorer leaning on flow-through financing — and generous Canadian tax credits — to keep drills turning in one of the world's premier uranium basins, home to CamecoDealroom has a profile for this one. Try Dealroom →'s McArthur River mine and NexGenDealroom has a profile for this one. Try Dealroom →'s discoveries.
Read more: stockwatch.com
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