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DMC Mining Ltd. ( (AU:DMM) ) has shared an announcement.
DMC Mining Ltd. has announced the acquisition of the Firawa Uranium-Rare Earth Element-Nb project in southeast Guinea and the Labé Uranium project in northern Guinea. The Firawa project, noted for its potential to be a globally significant deposit, is currently facing delays in exploration license grants due to a national review of Guinea’s mining cadastre system. The company is actively engaging with Guinean authorities to secure these licenses, which are crucial for capital raising and ASX re-listing.
More about DMC Mining Ltd.
DMC Mining Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the acquisition and development of uranium and rare earth element projects, with a market focus on significant deposits in Guinea.
Technical Sentiment Signal: Sell
See more insights into DMM stock on TipRanks’ Stock Analysis page.