Peak Minerals (AU:PUA) has released an update.
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Peak Minerals has completed the acquisition of an 80% interest in the Kitongo and Lolo Uranium Projects and the Minta Rutile Project in Cameroon, expanding its exploration footprint in West Africa. The Minta Rutile Project spans approximately 8,800km² and shows promising signs for rutile, zircon, and rare earths, while the uranium projects cover around 2,400km². The company has also raised $1.7 million in a recent placement, bolstering its financial position for upcoming exploration activities.
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