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DevEx Resources Ltd ( (AU:DEV) ) just unveiled an announcement.
DevEx Resources Ltd has entered into a binding agreement with Rio Tinto Exploration Pty Ltd to acquire nine uranium exploration licence applications in the Alligator Rivers Uranium Province, significantly expanding its exploration footprint. This acquisition aligns with DevEx’s growth strategy, allowing the company to apply its uranium targeting concepts and on-ground knowledge to fast-track exploration activities, enhancing its position in one of the world’s most endowed uranium provinces.
More about DevEx Resources Ltd
DevEx Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of uranium resources. The company is particularly active in the Alligator Rivers Uranium Province in the Northern Territory, known for its significant uranium potential. DevEx aims to explore high-grade, unconformity-related uranium deposits, leveraging its established expertise and strategic location near major uranium deposits.
Average Trading Volume: 606,066
Technical Sentiment Signal: Hold
Current Market Cap: A$53M
Learn more about DEV stock on TipRanks’ Stock Analysis page.