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Elevate Uranium Ltd ( (AU:EL8) ) has provided an announcement.
Elevate Uranium reported progress on its U-pgrade™ pilot plant, acknowledging delays in reaching baseline operation but noting that a strengthened in-country management team, tighter operating procedures and planned mechanical and electrical upgrades have improved performance, with pilot results now expected in August 2026. The company emphasised it remains fully funded to advance the technology, which is intended to concentrate uranium ore and enhance project economics, while its Namibian exploration portfolio grew with a higher resource base at the Koppies and Marenica projects, extensive infill and exploration drilling, and a solid cash position of $34 million to support continued resource expansion and de-risking activities.
More about Elevate Uranium Ltd
Elevate Uranium Ltd is an ASX-listed uranium exploration and development company focused on projects in Namibia and Australia. The company is advancing proprietary U-pgrade™ beneficiation technology aimed at improving the economics of uranium production by removing waste material and producing higher-grade uranium concentrates prior to leaching.
Average Trading Volume: 1,863,751
Technical Sentiment Signal: Sell
Current Market Cap: A$153.8M
For an in-depth examination of EL8 stock, go to TipRanks’ Overview page.