Alligator Energy Charges Ahead with Funding for Samphire Uranium Project

June 24, 2025 10:22 AM AEST | By Team Kalkine Media

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Alligator Energy Charges Ahead with Funding for Samphire Uranium Project — Image source: shutterstock

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Highlights

Alligator Energy (AGE) secures $17.25M to fund Samphire Uranium Project.

Focus shifts to Field Recovery Trial and future feasibility planning.

Uranium price momentum supported by macro and global demand shifts.

Alligator Energy (ASX:AGE) has secured $17.25 million in funding to advance its Samphire Uranium Project, paving the way for significant activity throughout 2025 and 2026. This strategic move will support both the ongoing Field Recovery Trial (FRT) and preparations for future development stages.

The capital raise involves the issuance of 556 million shares at $0.031 per share, accompanied by one option for every two shares. These options are exercisable at $0.047—representing a 50% premium to the issue price—subject to shareholder approval.

The funds are earmarked not just for the FRT, but also to extend broader development activities, including groundwork for a Definitive Feasibility Study (DFS). Once the Program for Environment Protection and Rehabilitation (PEPR) is approved, Alligator Energy plans to begin construction of the trial and commence preliminary tasks associated with obtaining a mining lease.

The company, currently valued at approximately $154.94 million, anticipates a stream of developments and operational milestones that it expects will resonate positively with market sentiment. These are set to coincide with strengthening uranium market dynamics.

Uranium prices have shown a notable uptick, with the spot rate reaching US$77.55 per pound as of 24 June—marking a 7.7% rise over the past month. Market optimism has been further fuelled by the Sprott Physical Uranium Trust’s (NYSE:SII) plan to acquire US$200 million worth of physical uranium. This development highlights renewed investor confidence and focus on long-term uranium supply and pricing.

The macroeconomic backdrop, including AI-driven data centre energy needs and nuclear power program expansions, continues to bolster uranium demand expectations. This trend positions companies like Alligator Energy to benefit from increased attention within the energy transition theme.

Globally, uranium production remains highly concentrated, with Kazakhstan contributing 43% of the world’s supply, according to the World Nuclear Association. Against this global context, projects like Samphire are becoming increasingly relevant to future supply strategies.

Alligator Energy is also scheduled to participate in the upcoming Noosa Mining Investor Conference from 23-25 July, a platform expected to further spotlight its roadmap and value potential.

While not currently a constituent of the ASX200, Alligator Energy remains an emerging player closely watched by investors focused on Australia's resource growth stories.

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