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Elevate Uranium Ltd ( (AU:EL8) ) has issued an announcement.
Elevate Uranium Ltd has successfully raised $25 million through a two-tranche placement to institutional investors, which will fund the development of its U-pgrade™ uranium ore beneficiation process and exploration activities. The company is making significant progress at the Koppies Uranium Project, including upgrading the mineral resource estimate and advancing exploration drilling, which positions it strategically in the uranium sector. Notably, Elevate’s shareholders now include Paradice Investment Management and Sprott Inc, indicating strong institutional confidence in its growth potential.
More about Elevate Uranium Ltd
Elevate Uranium Ltd is a company operating in the natural resources industry, focusing on uranium exploration and development. The company is engaged in advancing its uranium projects in Namibia and Australia, with a particular emphasis on its patented U-pgrade™ uranium ore beneficiation process.
YTD Price Performance: 3.85%
Average Trading Volume: 828,269
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$94.48M
For detailed information about EL8 stock, go to TipRanks’ Stock Analysis page.
