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Argonaut Resources ( (AU:ORP) ) has issued an update.
Elevate Uranium Ltd has entered into an agreement to divest its Oobagooma Uranium Project in Western Australia to Orpheus Uranium Ltd. This divestment aligns with Elevate’s strategic focus on advancing other core projects, potentially enhancing its market position and operational efficiency. The transaction involves a mix of cash and equity payments, with Elevate expected to become a significant shareholder in Orpheus, indicating a continued interest in the project’s future development.
More about Argonaut Resources
Elevate Uranium Ltd is a company in the uranium mining industry, focusing on the development and commissioning of uranium projects. The company is strategically concentrating on its U-pgrade demonstration plant and its uranium portfolio in Namibia and the Northern Territory.
YTD Price Performance: 20.0%
Average Trading Volume: 157,827
Technical Sentiment Signal: Sell
Current Market Cap: A$11.83M
See more data about ORP stock on TipRanks’ Stock Analysis page.