Urex to raise capital
Urex Energy Co. of Reno said last week it plans to raise $2.5 million through a private placement of its common stock. The publicly held company is involved in exploration for uranium in Argentina and Mexico.
The regional building and population boom continues to favorably impact operations at Northern Nevada financial institutions. The thousands of new residents moving to the Truckee Meadows need to finance homes or new businesses, and all regional bankers really need to do is just put on a catcher’s mitt to snag the flow of business from people and companies moving in from California.