Orpheus Uranium (ASX:ORP) has announced a $4.4 million capital raise through a strategic share placement to accelerate its exploration programs across Australia.
The placement is headlined by a $1.5 million cornerstone investment from IsoEnergy, a major global player in the uranium sector with a market capitalisation of approximately $1 billion.
Under the agreement, Orpheus will issue roughly 70.4 million new ordinary shares at $0.062 per share, representing a slim 2.9% discount to the 15-day volume-weighted average price.
The fresh capital is earmarked for high-priority projects in South Australia, the Northern Territory, and Western Australia.
Managing Director Clinton Dubieniecki described the partnership with IsoEnergy as a "strong endorsement" of the company's technical progress and the quality of its uranium portfolio.