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An announcement from Elevate Uranium Ltd ( (AU:EL8) ) is now available.
Elevate Uranium Ltd has been awarded a $112,000 grant from the Northern Territory Government under the Resourcing the Territory program to support its exploration efforts at the Angela Uranium Project. This grant will co-fund the drilling of three diamond holes to test seismic reflectors, potentially expanding the known high-grade uranium resource of 30.8 Mlb U3O8. The initiative underscores the government’s commitment to advancing uranium exploration and could significantly impact the company’s resource development strategy.
More about Elevate Uranium Ltd
Elevate Uranium Ltd is a company operating in the uranium mining industry, focusing on exploration and development of uranium resources. The company is involved in projects that aim to identify and expand uranium deposits, with a market focus on enhancing resource development in areas with known mineral endowment.
Average Trading Volume: 874,468
Technical Sentiment Signal: Sell
Current Market Cap: A$111.8M
For an in-depth examination of EL8 stock, go to TipRanks’ Overview page.