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Elevate Uranium Ltd ( (AU:EL8) ) has issued an announcement.
Orpheus Uranium Limited, a company focused on consolidating underexplored uranium assets, has announced its acquisition of the Oobagooma Uranium Project from Elevate Uranium Ltd’s subsidiary. Located in Western Australia’s Canning Basin, the project is notable for its sedimentary-style roll-front mineralization and historical evidence of significant uranium deposits. This acquisition aligns with Orpheus’ strategy to enhance its portfolio of uranium assets across various development stages, leveraging modern exploration techniques to unlock value from known targets.
The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.
More about Elevate Uranium Ltd
Average Trading Volume: 1,066,256
Technical Sentiment Signal: Buy
Current Market Cap: A$163.9M
See more insights into EL8 stock on TipRanks’ Stock Analysis page.