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Delecta Limited ( (AU:MOM) ) has issued an update.
Moab Minerals Limited has secured a firm commitment from European Lithium Ltd to raise $141,000 through a placement of 141,000,000 ordinary shares and has also received a $500,000 unsecured loan from the same company. The funds will be used for new resource project opportunities, exploration activities at the Manyoni Uranium Project in Tanzania, and general working capital, highlighting the support from a key shareholder and potentially strengthening Moab’s position in the exploration industry.
More about Delecta Limited
Moab Minerals Limited is an exploration and project development company with a diverse portfolio of exploration projects, including the Manyoni and Octavo Uranium Projects in Tanzania, the REX Uranium-Vanadium Project in Colorado’s Uravan Mineral Belt, and the Highline Copper-Cobalt Project in Southern Nevada. Additionally, Moab holds an 11.02% interest in CAA Mining, which focuses on lithium and gold exploration in Ghana, Africa, thus expanding its business as a junior exploration company.
Current Market Cap: A$1.73M
See more data about MOM stock on TipRanks’ Stock Analysis page.