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The latest announcement is out from Elevate Uranium Ltd ( (AU:EL8) ).
Elevate Uranium Ltd has entered into an agreement to sell its Oobagooma Uranium Project in Western Australia to Orpheus Uranium Ltd. This divestment aligns with Elevate’s strategic focus on its core projects, potentially strengthening its position in the uranium market by allowing it to concentrate resources on its key initiatives. The transaction involves cash and equity payments, with Elevate becoming a significant shareholder in Orpheus, indicating a supportive relationship moving forward.
The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.50 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 a company operating in the uranium industry, focusing on the exploration and development of uranium projects. The company is strategically concentrating on commissioning its U-pgrade demonstration plant and advancing its uranium portfolio in Namibia and the Northern Territory.
Average Trading Volume: 1,066,256
Technical Sentiment Signal: Buy
Current Market Cap: A$163.9M
For a thorough assessment of EL8 stock, go to TipRanks’ Stock Analysis page.