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An announcement from Elevate Uranium Ltd ( (AU:EL8) ) is now available.
Elevate Uranium Ltd has completed the acquisition of Uranium Generation Pty Ltd from Core Lithium, adding the Napperby uranium resource in the Northern Territory and the high-grade Fitton and Entia exploration projects in South Australia and the Northern Territory to its portfolio. The deal lifts Elevate’s global mineral resource inventory to 169 million pounds of U3O8 and consolidates a Central Australian hub, with Napperby’s JORC-compliant 8.03-million-pound resource located just 25 km from the company’s Minerva project and considered amenable to its U-pgrade™ process, offering potential value uplift and resource growth through underexplored tenements in supportive Australian uranium jurisdictions.
The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.
More about Elevate Uranium Ltd
Elevate Uranium Ltd is an ASX- and OTCQX-listed uranium developer focused on consolidating and advancing uranium projects in proven mining jurisdictions, particularly in Central Australia and Namibia. The company leverages its proprietary U-pgrade™ beneficiation process to enhance the value of shallow, calcrete- and palaeochannel-hosted uranium deposits and build a diversified global uranium resource base.
Average Trading Volume: 1,788,176
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$123.4M
Find detailed analytics on EL8 stock on TipRanks’ Stock Analysis page.