Vimy raises $6M

THE uranium price might still be in the toilet, but Vimy Resources’ Mike Young has found a number of like-minded individuals who believe a turnaround is coming, and the company has raised A$6 million to accelerate exploration at Alligator River and progress the Mulga Rock development.

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Institutional and sophisticated investors clearly like Vimy's story, and following the announcement of a new battery minerals strategy at the Mulga Rocks uranium deposit and the maiden resource at