Energy Metals Ltd (AU:EME) has released an update.
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Energy Metals Ltd reported ongoing preparations for their resource extension drilling program at the Bigrlyi JV Project, with developments including a field visit, camp infrastructure upgrades, safety reviews, and finalized logistics. Financially, the company is in a robust position with $12.04M in cash and a strong relationship with China Uranium Development Company, its largest shareholder, amidst a favorable uranium market with prices reaching highs not seen since 2007.
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