Orpheus Uranium set for worst day in three-weeks on discounted placement

Shares of Orpheus Uranium fell 4.3% to A$0.067, marking its worst day since January 13. The company secured commitments to raise A$4.36 million through a placement at A$0.062 per share, an 11.4% discount to the last close. The funds will support projects in South Australia, Northern Territory, and Western Australia. Approximately 583,000 shares were traded, 1.8 times the 30-day average. The stock has risen 34% this year.