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Elevate Uranium Ltd ( (AU:EL8) ) has issued an announcement.
Elevate Uranium Ltd has announced a significant discovery of a new style of uranium mineralization at its Marenica Uranium Project, with a 13-meter thick zone intersected in granite, marking a departure from the traditional palaeochannel-hosted deposits. This discovery not only expands the company’s exploration potential but also suggests new opportunities for future drilling programs, potentially increasing the current resource base and enhancing the company’s positioning in the uranium market.
More about Elevate Uranium Ltd
Elevate Uranium Ltd is a company operating in the uranium mining industry, focusing on the exploration and development of uranium resources. Its primary market focus is on identifying and expanding uranium deposits, particularly in regions with significant geological potential.
Average Trading Volume: 928,308
Technical Sentiment Signal: Sell
Current Market Cap: A$108M
Learn more about EL8 stock on TipRanks’ Stock Analysis page.