The latest announcement is out from Medallion Resources ( (TSE:GAB) ).
GABO Mining Ltd. has announced a strategic move to acquire two advanced-stage uranium exploration projects in Utah and New Mexico, reflecting a shift towards uranium exploration and development. This acquisition, along with a proposed rebranding to GAMMA Resources Ltd., aligns with the company’s mission to support U.S. energy security and the transition to a low-carbon future. The projects, Green River in Utah and Mesa Arc in New Mexico, offer significant potential for uranium resource development, with historical data indicating substantial uranium deposits. The company’s focus on these projects underscores its commitment to expanding its role in the critical raw materials sector, which is essential for both national security and clean energy initiatives.
More about Medallion Resources
GABO Mining Ltd., soon to be rebranded as GAMMA Resources Ltd., operates in the mining industry with a focus on uranium exploration and development. The company is also involved in the extraction of rare earth elements, with a proprietary technology licensed to ACDC Metals Ltd in Australia, emphasizing its role in supplying critical raw materials for national security and global clean energy objectives.
YTD Price Performance: -21.25%
Average Trading Volume: 22,836
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.37M
See more data about GAB stock on TipRanks’ Stock Analysis page.