Adavale Resources Limited (AU:ADD) has released an update.
Adavale Resources Limited has significantly expanded its uranium exploration territory in South Australia with the acquisition of EL6890, a 599 square kilometer exploration license that creates a contiguous area with its existing projects. This acquisition, now unconditional and pending shareholder approval, increases Adavale’s holdings to 2,657 square kilometers, making it one of the largest in the region. The company is also bolstering its technical team with specialist consultants and is preparing for an extensive exploration program, stimulated by external factors such as the US Senate’s recent ban on Russian uranium imports.
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