Traka Resources Limited (AU:TKL) has released an update.
Traka Resources Limited has announced the signing of an exclusive 90-day option agreement to acquire an 80% interest in the Mavago and Meponda Rare Earth Element (REE) and Niobium (Nb) Projects in Mozambique. These projects are located in the resource-rich East African Rift Valley Zone, known for similar developing REE and Nb projects, offering shareholders a unique investment opportunity in the Niobium sector. The acquisition, which is still subject to due diligence, promises to be a transformative move for Traka, leveraging the potential of a region already seeing significant exploration and mining activities.
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