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Alligator Energy Ltd ( (AU:AGE) ) just unveiled an announcement.
Alligator Energy Ltd reported significant progress in its uranium exploration activities for the quarter ending December 31, 2024. The company received a retention lease for its Samphire Project, which allows further development of its Field Recovery Trial. Encouraging drilling results were reported at the Blackbush West and Big Lake projects, indicating potential for further uranium resource development. The company also completed a drilling program at the Nabarlek North Project, although results were less promising. Financially, Alligator Energy ended the quarter with a cash balance of $20.2 million and expanded its interest in EnviroCopper Limited. The uranium market saw a decrease in the spot U3O8 price to $72 per pound by the quarter’s end.
More about Alligator Energy Ltd
Alligator Energy Ltd operates in the mining industry, focusing primarily on uranium exploration and development. The company is involved in several projects, including the Samphire, Big Lake, and Nabarlek North projects, with a notable market focus on uranium resources.
YTD Price Performance: 16.67%
Average Trading Volume: 5,002,968
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$135.6M
See more insights into AGE stock on TipRanks’ Stock Analysis page.
