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Elevate Uranium Ltd ( (AU:EL8) ) just unveiled an update.
Elevate Uranium Ltd has issued 8,923,738 fully paid ordinary shares as part of the consideration to acquire Uranium Generation Pty Ltd from Core Lithium Ltd, linked to the Napperby uranium resource and associated high-grade exploration projects. The company has lodged a cleansing notice confirming that these shares were issued without a prospectus under the Corporations Act and that, by providing this notice, subsequent on-sale of the securities can occur under the relevant disclosure exemption, while also affirming its ongoing compliance with reporting and continuous disclosure obligations and indicating no undisclosed information material to investors’ assessment of the company or the new shares.
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-listed uranium exploration and development company focused on acquiring and advancing uranium resources and high-grade exploration projects, positioning itself to benefit from growing global demand for nuclear fuel.
Average Trading Volume: 1,788,176
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$123.4M
See more data about EL8 stock on TipRanks’ Stock Analysis page.