AuKing Mining Ltd (AU:AKN) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
AuKing Mining Ltd has decided to sell its remaining non-core Prospecting Licences at Manyoni in Tanzania to Moab Minerals Ltd for A$175,000. This decision follows unsuccessful attempts to recover two key revoked licences and reflects AuKing’s strategy to focus on its promising Mkuju uranium project in southern Tanzania. The sale is conditional on due diligence and various approvals, but the company remains committed to advancing its Mkuju interests.
For further insights into AU:AKN stock, check out TipRanks’ Stock Analysis page.