Moab Minerals Expands Uranium Ventures in Tanzania

Delecta Limited (AU:MOM) has released an update.

Moab Minerals Limited has significantly expanded its foothold in the uranium sector by acquiring a majority 89.6% stake in Linx Resources, which controls extensive uranium projects in Tanzania. The acquisition includes the Manyoni and Octavo Uranium projects, with historic data from previous explorations by Uranex Ltd, promising expedited and cost-effective future explorations. Poised with a robust cash reserve, Moab is set to commence drilling activities in the coming months, capitalizing on favorable uranium market conditions.

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