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Moab Minerals Issues New Shares to Support Exploration Projects

Story Highlights
  • Moab Minerals focuses on uranium, lithium, and gold exploration in Africa and copper-cobalt in Nevada.
  • The company issued over 132 million shares to support its strategic exploration and development efforts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Moab Minerals Issues New Shares to Support Exploration Projects

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An update from Delecta Limited ( (AU:MOM) ) is now available.

Moab Minerals Limited has issued 132,851,178 fully paid ordinary shares following the vesting of performance rights. This move aligns with the company’s compliance with relevant sections of the Corporations Act, indicating transparency and adherence to legal requirements. The issuance of shares is part of Moab’s strategic efforts to support its exploration and development projects, potentially enhancing its market position and offering value to stakeholders.

More about Delecta Limited

Moab Minerals Limited (ASX:MOM) is an exploration and project development company focused on the Manyoni Uranium Project in Tanzania, Africa, which it primarily owns. The company also has a stake in CAA Mining, which is involved in lithium and gold exploration in Ghana, and owns the Highline Copper-Cobalt Project in Southern Nevada.

Current Market Cap: A$4.69M

Find detailed analytics on MOM stock on TipRanks’ Stock Analysis page.

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