Uranium American Resources secures $3.5M investment to finalize JAG Minerals acquisition

  • Uranium American Resources Inc. (OTC:TNGL) said it has secured a $3.5 million equity investment from a US institutional investor to complete its acquisition of JAG Minerals Pty Ltd. The financing, structured as a unit transaction, was priced at $0.06 per share—representing a significant premium to UAR's current share price—and includes one warrant per share allowing the investor to purchase additional shares at $0.10 for up to 48 months.