2025/10/31 – 09:55:00 – 1086382691214950672
Elevate Uranium Raises $25M to Accelerate U-pgrade™ Pilot Plant and Expand Resource Drilling
Elevate Uranium Limited
Registration Number: ABN: 71 001 666 600
Registered as an external company in Namibia
ISIN Code: AU0000156416
NSX Share Code: EL8
Elevate Uranium Raises $25M to Accelerate U-pgrade™ Pilot Plant and Expand
Resource Drilling
Key Highlights:
• Elevate Uranium receives binding commitments to raise $25 million (before costs)
through a placement at $0.35 per share
• The Placement was strongly supported by high-quality domestic and offshore
institutional investors, both new and existing, validating the Company’s strategy and
outlook.
• Pro-forma cash position increased to c.$43.9 million1 (before costs) providing a robust
balance sheet to fund multi-year work programs and accelerate key development
milestones.
• Proceeds are directly allocated to accelerate and expand the U-pgrade™ pilot plant
program, fund resource definition and expansion drilling across Namibia and Australia,
advance key technical studies, and pursue accretive M&A growth.
The full announcement can be viewed at the following link:
https://announcements.asx.com.au/asxpdf/20251031/pdf/06rbq32fq1lv0n.pdf
On behalf of Board of Directors
Murray Hill
CEO & Managing Director
31 October 2025
Registered Office
Post Strasse Hof
Commercial unit 3
Second Floor
35 Daniel Tjongarero Avenue
Swakopmund
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th Floor, 1@Steps, C/O Grove and Chasie Street
Kleine Kuppe, Windhoek
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 31-10-2025 09:55:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
—
Namibia Securities Exchange – NAM News