Core Energy Expands Uranium Portfolio in South Australia

OAR Resources Ltd ( (AU:CR3) ) has issued an announcement.

Core Energy Minerals Limited has announced significant progress in its uranium exploration efforts, having secured options to acquire full interest in the Cummins and Harris Greenstone Projects, and being granted the Brooker Project, expanding its tenement portfolio in South Australia. The company successfully raised $3.7 million through a share placement, with substantial backing from international investor Jose Luis Manzano, to advance its exploration activities. This strategic expansion positions Core Energy strongly in a leading uranium jurisdiction, with plans to commence drilling at the Cummins Project, aiming to unlock long-term value for shareholders.

More about OAR Resources Ltd

Core Energy Minerals Limited operates in the uranium exploration and mining industry, focusing on acquiring and developing uranium projects in South Australia, a premier jurisdiction for uranium exploration. The company’s primary activities include exploring and expanding its portfolio of uranium tenements, with a market focus on leveraging South Australia’s rich uranium resources.

YTD Price Performance: 20.0%

Average Trading Volume: 17,000

Technical Sentiment Signal: Buy

Current Market Cap: €2.63M

For detailed information about CR3 stock, go to TipRanks’ Stock Analysis page.