Peak Minerals (AU:PUA) has released an update.
Peak Minerals Limited has announced a strategic expansion with the acquisition of 80% stakes in the promising Kitongo and Lolo Uranium Projects, as well as the Minta Rutile Project in Cameroon, aiming to explore for uranium, rutile, zircon, gold, and rare earths. These projects have shown highly encouraging results from previous explorations, with notable high-grade rutile and zircon findings. The company is also bolstering its financial position through a two-pronged capital raising effort to secure approximately $1.7 million, paving the way for upcoming exploratory field programs.
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