ValOre Metals CEO Jim Paterson joined Steve Darling from Proactive to share news the company has announced the closing of a non-brokered private placement which is expected to bring in about 2.9 million dollars.

Paterson told Proactive this raise was oversubscribed and the company plans to use the proceeds to continue work on Angilak Property uranium project in Nunavut Territory, and the Pedra Branca palladium platinum project in Brazil.