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Purepoint Uranium Group Inc. (V:PTU)

Business Focus: Uranium Mining

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for PTU within the last 6 months
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Company News

Nov 25, 2022 16:01 ET
Purepoint Uranium Announces Increase in Offering Size for Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - November 25, 2022) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce that due to strong investor demand, it has increased the offering size of the non-brokered private placement previously announced on November 23, 2022 from $2,000,000 to $3,750,000 (the "Offering"). Up to 53,571,429 flow-through units ("Units") at a price of $0.07 per Unit are issuable pursuant to the Offering. Each Flow-Through Unit consists of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a "Flow-Through Share") and one-half (1/2) of one common share purchase warrant. Each whole warrant entitles its holder to purchase one common share of the Company (each a "Warrant Share") at an exercise price of $0.105 per share for a period of 24 months from the date of issuance. The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and corporate approvals, including the approval of approval of the Offering by the TSX Venture Exchange.
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Nov 23, 2022 12:13 ET
Purepoint Uranium Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - November 23, 2022) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announces a non-brokered private placement (the "Offering") of up to 28,571,429 flow-through units (the "Flow-Through Units") at a price of $0.07 per unit for aggregate gross proceeds up to $2,000,000.03. Each Flow-Through Unit consists of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a "Flow-Through Share") and one-half (1/2) of one common share purchase warrant. Each whole warrant entitles its holder to purchase one common share of the Company (each a "Warrant Share") at an exercise price of $0.105 per share for a period of 24 months from the date of issuance.
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Valuation Ratios

Industry
Sector
Beta
1.98
--
--
Price to Sales - TTM
--
5.54
3.47
Price to Book - most recent quarter
7.98
2.83
1.93
Price to Cash Flow per share - TTM
--
9.21
5.76
Price to Free Cash Flow per share - TTM
--
--
15.34
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Nov 15, 2022321,782108,880
Oct 31, 2022212,902-162,388
Oct 15, 2022375,290-324
See Short Report

Business Summary

Sector:  Energy Industry:  Uranium

Purepoint Uranium Group Inc. is a Canada-based uranium exploration company. The Company is focused on the precision exploration of its projects in the Canadian Athabasca Basin. Its properties include Hook Lake, Smart Lake, Red Willow, Turnor Lake, Umfreville, Henday Lake, Carson Lake, Russell South and Tabbernor Block. Its Hook Lake is a joint venture agreement with Cameco Corporation and Orano Canada Inc. for the ongoing exploration of the Hook Lake uranium project in the Athabasca Basin. The project consists of nine claims totaling approximately 28,598 hectares (ha). The Company's Smart Lake project includes over two claims with a total area of approximately 9,860 ha situated in the southwestern portion of the Athabasca Basin, approximately 60 kilometers (kms) south of the former Cluff Lake mine. The Red Willow property is situated on the eastern edge of the Athabasca Basin in Northern Saskatchewan, Canada and consists of over 17 mineral claims totaling approximately 40,116 ha.

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