OAR Resources Ltd (AU:OAR) has released an update.
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OAR Resources Ltd has marked a significant expansion with the acquisition of two Exclusive Prospecting Licences in Namibia’s uranium-rich Erongo region and the pegging of approximately 880km2 of land in Brazil for uranium and Rare Earth Elements exploration. The company’s strategic move into two of the world’s leading uranium jurisdictions is supported by a successful $1M capital raise aimed at advancing exploration activities. This expansion not only diversifies OAR’s portfolio but also taps into the high demand for uranium, with Namibia being the third-largest global producer.
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