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Elevate Uranium Ltd ( (AU:EL8) ) has provided an update.
Elevate Uranium Ltd has issued an addendum to its Notice of General Meeting to update shareholders on recent developments, including a successful capital raise of $25 million through the placement of shares. This capital will be used to accelerate the development of their U-pgrade pilot plant and expand resource drilling, which is expected to enhance the company’s operational capabilities and strengthen its market position in the uranium sector.
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 resources. The company is engaged in advancing its projects and expanding its resource base to meet the growing demand for uranium, particularly in the context of increasing interest in nuclear energy as a clean energy source.
Average Trading Volume: 1,416,099
Technical Sentiment Signal: Sell
Current Market Cap: A$121.1M
For a thorough assessment of EL8 stock, go to TipRanks’ Stock Analysis page.