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Blaze Minerals ( (AU:BLZ) ) has provided an announcement.
Blaze Minerals Limited has announced its withdrawal from the Loulombo Base Metals Project in the Republic of the Congo due to security concerns that affect the safety of personnel and equipment, making it difficult to secure insurance. The company will now focus on its Ntungamo Project in Uganda, where recent drilling has confirmed a new discovery of critical minerals, gallium and rubidium, which could enhance its market positioning and offer new opportunities for stakeholders.
More about Blaze Minerals
Blaze Minerals is a mineral exploration company focused on identifying and developing high-margin, high-grade, and high-value ore deposits in highly prospective regions. The company operates two projects in Uganda: the Ntungamo Project, which is adjacent to the largest producing tin mine in Uganda and is highly prospective for critical minerals such as gallium and rubidium, and the Mityana Project, the site of a historic open-cut tantalite mine.
Current Market Cap: A$5.75M
Learn more about BLZ stock on TipRanks’ Stock Analysis page.