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eMetals Limited ( (AU:EMT) ) has provided an announcement.
eMetals Limited has moved to expand its critical metals footprint by signing a binding agreement to acquire the Mineral Range Tungsten Project in Beaver County, Utah, a historic high-grade tungsten district with multiple past-producing mines and 12 kilometres of prospective skarn-hosted mineralisation. Initial GIS integration and fieldwork, including mapping, sampling and reconnaissance using UV scheelite scanning and pXRF, have already begun, with early rock chip assays returning multiple high-grade tungsten results.
Alongside its U.S. expansion, the company advanced its Busia Gold Project in central Uganda, where second-phase soil sampling identified an approximately 300m by 700m gold-in-soil anomaly above 50ppb Au within the Busia-Kakamega Greenstone Belt. The combination of a significant brownfield tungsten opportunity in the United States and a growing gold anomaly in Uganda positions eMetals to broaden its exploration pipeline across both critical and precious metals, potentially enhancing its long-term project portfolio and appeal to resource-focused investors.
More about eMetals Limited
eMetals Limited is an ASX-listed mineral exploration company focused on critical and precious metals. The company builds a portfolio of early-stage and brownfield projects, targeting commodities such as tungsten and gold in geologically prospective districts in North America and Africa.
Average Trading Volume: 3,451,636
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.53M
Find detailed analytics on EMT stock on TipRanks’ Stock Analysis page.