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Uvre Ltd. ( (AU:UVA) ) has shared an update.
Uvre Limited has announced the acquisition of Minerals Exploration Limited, which includes the promising Otagold Limited, a New Zealand-based gold exploration company. This strategic move will see experienced mining executives Norman Seckold and Peter Nightingale join Uvre’s board, enhancing the company’s expertise and shareholder value. The acquisition is contingent upon shareholder approval and a $4 million equity raise. The Otagold projects, particularly the Waitekauri Gold Project, present significant exploration potential, positioning Uvre to capitalize on substantial gold inventories in a prime location.
More about Uvre Ltd.
Uvre Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is expanding its portfolio by acquiring gold exploration projects, with a particular emphasis on the New Zealand market.
Average Trading Volume: 77,961
Technical Sentiment Signal: Hold
Learn more about UVA stock on TipRanks’ Stock Analysis page.