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Elevate Uranium Ltd ( (AU:EL8) ) has provided an announcement.
Elevate Uranium Ltd announced progress on its U-pgrade™ Demonstration Plant, which is on track for completion by mid-2025. This plant aims to validate the company’s beneficiation process, with potential implications for future commercial operations. Concurrently, extensive drilling activities at the Koppies Uranium Project are ongoing, with significant resource growth expected to enhance the project’s viability. The appointment of Scott Perry as Non-Executive Chairman and a 12% increase in the Bigrlyi Mineral Resource further bolster the company’s strategic positioning in the uranium market.
More about Elevate Uranium Ltd
Elevate Uranium Ltd operates in the uranium mining industry, focusing on the exploration and development of uranium resources. The company is engaged in advancing its proprietary U-pgrade™ beneficiation process and is actively involved in several uranium projects, including the Koppies and Marenica Uranium Projects in Namibia.
YTD Price Performance: -15.38%
Average Trading Volume: 782,245
Technical Sentiment Signal: Buy
Current Market Cap: A$84.84M
Learn more about EL8 stock on TipRanks’ Stock Analysis page.