Peak Minerals (AU:PUA) has released an update.
Peak Minerals Ltd is set to acquire an 80% interest in the high-grade Kitongo and Lolo Uranium Projects, as well as the Minta Rutile Project in Cameroon, with the company aiming to raise $1.7 million through strategic investor placement and a shareholder entitlement issue. These acquisitions include extensive exploration permits and are backed by promising historical exploration results, especially in uranium, rutile, and zircon. The move positions Peak to capitalize on the growing demand for critical minerals amid long-term market deficits.
For further insights into AU:PUA stock, check out TipRanks’ Stock Analysis page.
