tiprankstipranks
Blaze Minerals Strengthens Ugandan Exploration with Strategic Acquisition and Drilling Progress
Company Announcements

Blaze Minerals Strengthens Ugandan Exploration with Strategic Acquisition and Drilling Progress

Story Highlights
  • Blaze Minerals acquires a 60% stake in Gecko Minerals Uganda, enhancing critical metals exploration.
  • Drilling at Mityana and Ntungamo Projects progresses, with significant capital raised for exploration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Blaze Minerals Limited ( (AU:BLZ) ) has issued an announcement.

Blaze Minerals Limited has successfully acquired a 60% interest in Gecko Minerals Uganda, enhancing its exploration prospects in western and central Uganda, particularly with the Ntungamo and Mityana Projects. The company has completed initial drilling at Mityana and commenced drilling at Ntungamo, adjacent to a key historical tin mine, indicating potential significant mineralization. Additionally, Blaze completed a capital raising of $1,250,000, reinforcing its financial position to support ongoing exploration activities.

More about Blaze Minerals Limited

Blaze Minerals Limited is involved in the exploration and acquisition of critical metals, with a focus on projects in Uganda that are prospective for beryllium, rubidium, lithium, tin, and tantalite.

Current Market Cap: A$4.7M

Find detailed analytics on BLZ stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App