C29 Metals Limited (AU:C29) has released an update.
C29 Metals Limited has successfully expanded its Ulytau Uranium Project with the acquisition of a new 213 km² tenement, demonstrating strong government support and operational efficiency in Kazakhstan. This strategic move, which received local backing and a signed Social Support Agreement, will allow the company to immediately begin the exploration approval process in the highly prospective area contiguous with its existing uranium project. The new tenement is expected to have a similar mineralized trend as the current Ulytau Project, indicating potential for significant uranium discoveries.
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