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The mining sector is experiencing a surge in strategic financing, led by Selkirk Copper Mines completing a C$35 million private placement at C$1.15 per share. Simultaneously, Uranium Royalty Corp. (UROY) finalized a US$40 million private placement with Uranium Energy Corp. (UEC) through subscription receipts priced at US$3.64. This URC financing is earmarked to support a combination with entities holding a 92% interest in Sweetwater Royalties, expanding sector momentum into uranium. Meanwhile, Valhalla Metals continues its $5 million placement to fund the Smucker Project acquisition from Teck American. Together, these transactions underscore robust institutional confidence in both base metals and strategic energy resources. All deals remain subject to customary regulatory approvals and final closing conditions.
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