Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
DMC Mining Ltd. ( (AU:DMM) ) has issued an announcement.
DMC Mining Ltd. has announced its progress in acquiring the Firawa Uranium-Rare Earth Element-Nb project and the Labé Uranium project in Guinea. The company has faced delays in obtaining exploration licenses due to a temporary closure of the cadastral system, impacting its ability to satisfy conditions for readmission to the ASX Official List. Despite these challenges, DMC Mining remains optimistic about the issuance of the licenses and has extended the public offer closing date to accommodate these delays.
More about DMC Mining Ltd.
DMC Mining Ltd. operates in the mining industry, focusing on the exploration and development of uranium and rare earth element deposits. The company is currently working on acquiring significant projects in Guinea, which have the potential to become globally important due to their scale and historic grades.
YTD Price Performance: -3.33%
Technical Sentiment Signal: Buy
Find detailed analytics on DMM stock on TipRanks’ Stock Analysis page.