Elevate Uranium Ltd ( (AU:EL8) ) has shared an announcement.
Elevate Uranium Ltd has issued a clarification regarding the JORC compliance of ore samples used in developing its U-pgradeTM beneficiation process. This process significantly enhances the concentration of uranium ore from the Marenica Uranium Project in Namibia, increasing the ore grade from 93 ppm U3O8 to over 5,000 ppm U3O8. The announcement confirms the validity of previously reported outcomes and underscores the company’s commitment to innovation in processing low-grade uranium resources, potentially strengthening its position in the global uranium market.
More about Elevate Uranium Ltd
Elevate Uranium Ltd operates in the uranium mining industry, focusing on innovative processing methods for uranium ore. The company’s primary product is uranium, with a market focus on enhancing ore concentration through its proprietary U-pgradeTM beneficiation process.
YTD Price Performance: -7.69%
Average Trading Volume: 884,017
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$94.48M
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