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Blaze Minerals Expands African Mining Portfolio with Strategic Acquisition

Story Highlights
  • Blaze Minerals acquires 80% of Loulombo Project, enhancing its base metals portfolio.
  • New critical mineral discovery at Ntungamo Project boosts Blaze’s exploration success.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Blaze Minerals Expands African Mining Portfolio with Strategic Acquisition

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Blaze Minerals ( (AU:BLZ) ) just unveiled an update.

Blaze Minerals Limited has acquired an 80% interest in the Loulombo Project in the Republic of the Congo, positioning itself at the forefront of a potentially world-class base metals opportunity. The project includes the Mimpala Target, known for its high-grade potential in lead, vanadium, copper, and zinc, with a maiden drilling campaign planned for August 2025. Additionally, Blaze has confirmed a new critical mineral discovery of Gallium and Rubidium at its Ntungamo Project in Uganda, and has secured commitments for a capital raising of $2,422,000.

More about Blaze Minerals

Blaze Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of base metals and critical minerals. The company is actively engaged in projects across Africa, with a particular emphasis on high-grade mineral opportunities.

Current Market Cap: A$6.22M

For a thorough assessment of BLZ stock, go to TipRanks’ Stock Analysis page.

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