New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$142.1m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Revenue is less than US$1m (AU$768k revenue, or US$539k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$17m net loss in 3 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$142.1m market cap, or US$99.7m). New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Revenue is less than US$1m (AU$768k revenue, or US$547k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$17m net loss in 3 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Duyuru • Dec 24
Elevate Uranium Ltd (ASX:EL8) acquired Uranium Generation Pty. Ltd. from Core Lithium Ltd (ASX:CXO) for AUD 4.9 million. Elevate Uranium Ltd (ASX:EL8) acquired Uranium Generation Pty. Ltd. from Core Lithium Ltd (ASX:CXO) for AUD 4.9 million on December 23, 2025. Under the Acquisition Agreement, Elevate Uranium Ltd agreed to pay AUD 2.5 million in cash at completion, issue 8,923,738 ordinary shares and a Net Smelter Royalty of 1.0% on any metals or minerals produced from EL31449, which hosts Napperby Project area. Fifty percent of the Consideration Shares (4,461,869 shares) will be subject to a voluntary six-month escrow period.
Elevate Uranium Ltd (ASX:EL8) completed the acquisition of Uranium Generation Pty. Ltd. from Core Lithium Ltd (ASX:CXO) on December 23, 2025. New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$768k revenue, or US$510k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$123.4m market cap, or US$81.9m). New Risk • Nov 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$768k revenue, or US$499k). Minor Risk Market cap is less than US$100m (AU$121.1m market cap, or US$78.7m). Duyuru • Nov 01
Elevate Uranium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25 million. Elevate Uranium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 71,428,572
Price\Range: AUD 0.35
Discount Per Security: AUD 0.021
Transaction Features: Subsequent Direct Listing Duyuru • Oct 31
Elevate Uranium Ltd has filed a Follow-on Equity Offering in the amount of AUD 25 million. Elevate Uranium Ltd has filed a Follow-on Equity Offering in the amount of AUD 25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 71,428,572
Price\Range: AUD 0.35
Discount Per Security: AUD 0.021
Transaction Features: Subsequent Direct Listing Duyuru • Oct 01
Elevate Uranium Ltd, Annual General Meeting, Nov 27, 2025 Elevate Uranium Ltd, Annual General Meeting, Nov 27, 2025. Location: cwa house, 1176 hay street, wa 6005, west perth Australia Recent Insider Transactions • Aug 19
Non-Executive Chairman recently bought AU$251k worth of stock On the 14th of August, Scott Perry bought around 990k shares on-market at roughly AU$0.25 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Scott's only on-market trade for the last 12 months. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m (AU$182 revenue, or US$117). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$121.5m market cap, or US$78.1m). New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (AU$182 revenue, or US$113). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$104.1m market cap, or US$64.8m). New Risk • Jan 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (AU$182 revenue, or US$114). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$115.7m market cap, or US$72.7m). Duyuru • Dec 20
Elevate Uranium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25.08 million. Elevate Uranium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25.08 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,444,977
Price\Range: AUD 0.325
Discount Per Security: AUD 0.0195
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,724,255
Price\Range: AUD 0.325
Discount Per Security: AUD 0.0195
Transaction Features: Subsequent Direct Listing Duyuru • Oct 23
Elevate Uranium Ltd has filed a Follow-on Equity Offering in the amount of AUD 25.08 million. Elevate Uranium Ltd has filed a Follow-on Equity Offering in the amount of AUD 25.08 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,444,977
Price\Range: AUD 0.325
Discount Per Security: AUD 0.0195
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,724,255
Price\Range: AUD 0.325
Discount Per Security: AUD 0.0195
Transaction Features: Subsequent Direct Listing New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (AU$476k revenue, or US$329k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$120.3m market cap, or US$83.1m). New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$100.2m market cap, or US$68.2m). Duyuru • Sep 21
Elevate Uranium Ltd, Annual General Meeting, Nov 29, 2024 Elevate Uranium Ltd, Annual General Meeting, Nov 29, 2024. Location: at `the board room`, cwa house, 1176 hay street, west perth wa 6005 Australia New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$86.4m market cap, or US$58.2m). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Stephen Mann was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$149.6m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$149.6m market cap, or US$99.4m). New Risk • Feb 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$145.0m (US$95.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$145.0m market cap, or US$95.2m). Recent Insider Transactions Derivative • Nov 29
MD, CEO & Director exercised options to buy AU$1.7m worth of stock. On the 27th of November, Murray Hill exercised options to buy 4m shares at a strike price of around AU$0.17, costing a total of AU$612k. This transaction amounted to 58% of their direct individual holding at the time of the trade. Since June 2023, Murray has owned 6.25m shares directly. Company insiders have collectively bought AU$916k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Nov 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (AU$138.0m market cap, or US$91.3m). Duyuru • Sep 22
Elevate Uranium Ltd, Annual General Meeting, Nov 24, 2023 Elevate Uranium Ltd, Annual General Meeting, Nov 24, 2023, at 10:30 W. Australia Standard Time. Location: "The Presidents Room",The Celtic Club, 48 Ord Street West Perth WA 6005 West Perth Australia Recent Insider Transactions Derivative • Jun 28
MD, CEO & Director exercised options to buy AU$286k worth of stock. On the 26th of June, Murray Hill exercised options to buy 921k shares at a strike price of around AU$0.10, costing a total of AU$92k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since June 2022, Murray has owned 5.33m shares directly. Company insiders have collectively bought AU$158k more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Jan 31
Elevate Uranium Limited Provides Update of Drilling Program at the Koppies Project Elevate Uranium Limited provided the market with an update on the continuing success of its drilling programs at the Koppies Project in Namibia and to advise that the 2023 drilling program has commenced. This update follows on from the discovery of Koppies 4 in November 2022 and the earlier announcement of the JORC (2012) Inferred Mineral Resource Estimate of 20.3 million pounds eU3O8 at Koppies 1 and 2. The latest drilling results have highlighted the following: Mineralisation identified south of Koppies 2, indicates that Koppies 2 connects with Koppies 4, Mineralisation identified between Koppies 1 and 2, indicates that these two areas are also likely connected, The continuity between these areas reinforces the likelihood that the Koppies mineralised area has an aggregate length of 20 km. Exploration Summary and Updated Geological Model: Estimation of the JORC (2012) Inferred Mineral Resource Estimate of 20.3 million pounds eU3O8 at Koppies 1 and 2, and subsequent discovery of mineralisation extensions at Koppies 3 and 4, have been vital in improving the geological understanding of the Koppies Project. On a regional scale, aerial satellite imagery clearly shows a strong northeast-southwest (NE/SW) set of lineaments, supported by regional airborne magnetic survey data. Field observations and geological mapping confirm these rocks to be the Damara Group schists. Traversing from west to east at Koppies, there is a transition from schist to the Donkerhoek Granite. Rocks within the transition zone are historically mapped as either granite with schist inclusions or schists with granite inclusions. This description can be simplified with the label of "migmatite", which is strongly indicative of shearing occurring at the contact between a younger intrusive granite batholith and the older, surrounding, metamorphic schists. As the batholith has intruded into the crust, heat from the magma will have partially melted the immediate surrounding country rocks, while more brittle lithologies will crack under the pressure forming faults and fractures of various scales. The combined heat, faulting and shearing of these rocks is likely to have served as pathways for later fluid movement of mineralisation into the overlying sediments once regional tectonism ceased, resulting in the basement-hosted mineralisation. Younger surface mineralisation is likely to have been formed from a combination of mobilisation of uranium from basement lithologies and lateral flow through surface drainage (from "hot" uranium-rich granite outcrops) into the overlying channel fill and evaporitic calcretes. Incorporating regional-scale airborne radiometrics data reveals a strong correlation between the position of this structural transition zone and moderate to strong anomalism on the uranium radiometrics channel. Uranium grades returned from the 2022 Koppies 3 drill campaigns confirmed that these radiometric anomalies are coincident with uranium mineralisation. Additionally, in a sedimentary setting, uranium mineralisation is known to have a "pinch-and-swell" appearance, both laterally and vertically, dependent on the varying permeabilities and porosities of the host sediments through which the uraniferous fluids flow (in this case, within a palaeochannel). Underlying structures in the basement below the mineralized palaeochannels can also greatly influence the permeabilities and porosities of the overlying channel fill as tectonism is reactivated over geological time. Using the derived exploration model here, it therefore becomes apparent that the uranium mineralization identified at Koppies 2 should logically extend through into, and connect with, the uranium mineralization discovered at Koppies 4. The radiometric anomalism remains consistently coincident with the mapped position of the migmatite/shear zone between Koppies 2 and Koppies 4, which has been corroborated by uranium grades returned from the latest drilling. The "pinch-and-swell" aspect of palaeochannels is interpreted to continue between these two domains and appears to continue to the southwest of Koppies, roughly following the position of the migmatite/shear zone. Exploration Program: Drilling at Koppies has recommenced after the Christmas /New Year break with two drill rigs operating. The planned programs include: Koppies 2 Drilling in the south to determine the extent of mineralisation between Koppies 2 and the Koppies tenement boundary in the south. Testing extensions of Koppies 2 in several areas where analysis of prior drill data has identified potential for mineralisation extensions. Further drilling between Koppies 1 and Koppies 2. Koppies 3 Infill the drilling from 400 metre spaced lines to 200 metre spacing, to improve delineation of the mineralised envelope. The drill rig working at Koppies 4 (note that Koppies 4 is located on the adjoining tenement EPL 7279 (known as "Ganab West")). The proximity of Koppies to the Company's other tenements in the Namib area, with the proximity of Koppies to the Company's other Namibian tenements. Recent Insider Transactions • Apr 27
Insider recently sold AU$3.1m worth of stock On the 20th of April, Chris Retzos sold around 5m shares on-market at roughly AU$0.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.5m more than they bought in the last 12 months. Duyuru • Jan 20
Elevate Uranium Ltd Announces Large Bodies of Shallow Uranium Mineralisation Delineated At Koppies Elevate Uranium Limited announced results of the resource definition drilling program recently completed at the Koppies project in the Erongo Region of Namibia. Key Highlights: Resource definition drilling recently completed at Koppies has confirmed con shallow, calcrete hosted uranium mineralisation. 558 holes for 4,701 metres drilled in Koppies resource program. Significant intersections include: KR0234 8 m at 768 ppm eU3O8 from 4 m; KOR0200 6 m at 796 ppm eU3O8 from 6 m; KR0378 9 m at 415 ppm eU3O8 from 1 m; KR0386 11 m at 319 ppm eU3O8 from 1 m; KR0224 10 m at 319 ppm eU3O8 from 6 m. Uranium mineralisation remains open to east and south. Program focused on drilling the Koppies I and II deposits at 100 m x 100 m to provide input for maiden Mineral Resource Estimates anticipated to be completed in the March Quarter 2022. RESOURCE DRILLING: The Koppies drilling program was designed to define, at a nominal hole spacing of 100 m x 100 m, uranium mineralisation previously discovered by Elevate Uranium. Drilling with a reverse circulation rig operated by RC Drilling Namibia concluded in December 2021. In this latest program, 111 holes for 935 m were completed at Koppies I and 447 holes for 3,766 m at Koppies II. Including the discovery drill holes, the aggregate number of holes drilled at Koppies I is 129 (1,153 m) and Koppies II 523 (4,590 m). Downhole gamma logging was the principal means of grade estimation, with selected samples chemically assayed. The composite values are based on a cut-off grade of 100 ppm eU3O8 with a maximum of 1 m internal waste. The data from this program will be incorporated into a maiden mineral resource estimate, which is underway and expected to be completed in the March Quarter 2022. The Koppies I and Koppies II deposits are contained within the same palaeochannel system as Deep Yellow Ltd.'s Tumas 1 East deposit. Uranium mineralisation has been intersected over at least 3 km of the Koppies I palaeochannel which bifurcates into northern and southern segments, both of which remain open to the east. The palaeochannel is typically between 10 and 15 m deep. There are two, 4 to 5 m thick mineralised zones in the western part of the Koppies I deposit at depths of approximately 1 - 2 and 7 m below the surface. The much larger Koppies II deposit is situated 2 km south of Koppies I. The main part of the Koppies II palaeochannel system is quite shallow, less than 15 m generally, but has a cumulative extent of over 6.5 km and remains open to the east and south. Mineralisation forms a 6 7 m thick body, at a depth of 3 m below the surface. Some areas of the Koppies II palaeochannel have a distinct cover of 1 to 2 m of unconsolidated sand which is probably related to the current ephemeral drainage. The uranium in both palaeochannels mainly occurs in calcrete and is expected to be amenable to processing with Elevate Uranium's U-pgradeTM uranium beneficiation process. Considerable exploration potential remains at the Koppies tenement, and it is planned to explore the prospective parts of the tenement with frequency-domain electromagnetic ground surveys and additional drilling in 2022. Duyuru • Nov 25
Elevate Uranium Ltd announced that it expects to receive AUD 11.5 million in funding Elevate Uranium Ltd announced a private placement of approximately 25,555,556 common shares at an issue price of AUD 0.45 per share for gross proceeds of AUD 11,500,000 on November 25, 2021. The transaction will include participation from a number of new, high quality institutional, sophisticated and professional investors, whilst also being well supported by existing significant shareholders of the Company. The transaction is expected to close on November 30, 2021. The transaction will be completed in a single tranche. The transaction has been approved by the board of directors of the company. The transaction received strong support from domestic and offshore institutional,
sophisticated and professional investors. Recent Insider Transactions • Jun 26
Insider recently sold AU$608k worth of stock On the 23rd of June, Chris Retzos sold around 2m shares on-market at roughly AU$0.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$587k more than they bought in the last 12 months. Duyuru • Jun 08
Elevate Uranium Ltd Announces New Discoveries of Uranium Ground Position at Namibia Elevate Uranium Ltd. announced that it owns substantial uranium resources across two continents and continues to make discoveries. Namibia, 61 Mlb of U3O8 resource, uranium ground position, new discoveries; Marenica Uranium Project 61 Mlb uranium resource. Elevate's U-pgradeTM increases the grade by over 50 times to ~5,000 ppm U3O8, Koppies 6.4 km² mineralised palaeochannel system ready for resource drilling, Hirabeb palaeochannel system extending 36 kilometres, a distance wider than the English Channel, with mineralisation identified over 30 kilometres, Namib IV extensive palaeochannel system over 19 kilometres in length, Tenements covering the ground position for nuclear fuels (uranium) in Namibia and An Airborne Electromagnetic Survey in progress. Australia: 48 Mlb of U3O8 resources, improving development options; Australian uranium portfolio 48 Mlb at average grade of 859 ppm U3O8, Angela (NT) resource of 31 Mlb at 1,310 ppm U3O8 U-pgradeTM reduces acid costs by 77%, Oobagooma (WA) underexplored, but featuring extensive zones of mineralisation, Minerva (NT) historical high-grade uranium and gold drill intervals and Joint Ventures (NT) Elevate has joint venture interest in Bigrlyi, Walbiri and Malawiri. Namibia; Elevate has the holding for nuclear fuel minerals (uranium) with eleven active tenements in the Erongo Region of Namibia covering an area of 2,899 km² . Elevate has multiple areas of interest in this uranium friendly mining jurisdiction, including north where the Marenica Uranium Project is located and south in the Namib Desert area where Koppies, Hirabeb and Namib IV are located. All are highly prospective for calcrete hosted uranium mineralisation suitable for value adding through application of the Company's proprietary U-pgradeTM process. The Marenica Uranium Project includes the calcrete hosted uranium deposits of Marenica and MA7 located in the same palaeochannel system that hosts Orano's Trekkopje uranium deposit, which has similar mineralogical characteristics to the Marenica Uranium Project. The Marenica Uranium Project has a Mineral Resource of 61 Mlb at 93 ppm U3O8, which can be elevated by over 50 times to ~5,000 ppm U3O8 through application of U-pgradeTM. Elevate owns 75% of this Mineral Resource. Duyuru • Dec 19
Marenica Energy Limited, Annual General Meeting, Jan 21, 2021 Marenica Energy Limited, Annual General Meeting, Jan 21, 2021, at 10:30 W. Australia Standard Time. Location: CWA House 1176 Hay Street WEST PERTH Western Australia Australia Agenda: To discuss ratification of prior issue of tranche 1 top-up placement shares under listing rule 7.1; to discuss approval to issue the tranche 2 top-up placement shares; approval to issue shares to nelson Che; to discuss approval to issue shares to andrew bantock; to discuss approval to issue shares to murray hill; and to discuss adoption of new constitution. Duyuru • Dec 11
Marenica Energy Limited Provides Exploration Activities Update Marenica Energy Limited provided an update on its future exploration and development activities following completion of capital raisings undertaken during November 2020. The $5.4 million raised will enable the company to undertake aggressive exploration and development programs in Namibia and Australia. The Company is now fully funded to undertake its planned activities for at least 18 months. In Namibia, Marenica holds 10 granted tenements which make up the largest land package for nuclear fuel minerals in the country. The Company will now accelerate its exploration activities on these tenements, all of which have been granted during the past eighteen months. The Company has prioritised each tenement and intends to methodically explore them during 2021. First priority is Marenica's largest tenement, called Hirabeb. Exploration to date has identified a network of palaeochannels, with the primary palaeochannel extending from the northeast corner to the southwest corner of the tenement, a distance of over 36 kilometres. Uranium mineralisation was intersected over a distance of 30 kilometres. This discovery was achieved for less than AUD 120,000. Marenica now has the funds to capitalise on that initial success and intends hitting the ground hard in early 2021. In Australia, Marenica owns uranium projects which contain 48.4 Mlb U3O8 of high-grade mineral resources . Since acquiring its Australian uranium projects in December 2019, Marenica has undertaken desktop and testwork exploration and development studies on these projects. An example of the success that can be achieved from such studies, on 29 October 2020 Marenica announced a proof of concept study which concluded that U-pgradeTM could reduce acid consumption at the Angela Project by approximately 80%. Angela has a JORC 2012 Mineral Resource of 30.8 Mlb of U3O8 at a grade of 1,310 ppm U3O8. The company will continue with its studies on these projects. Duyuru • Nov 26
Marenica Energy Limited announced that it expects to receive AUD 2.6 million in funding Marenica Energy Limited (ASX:MEY) announced that it has received binding commitments a private placement of 29,545,454 shares at a price of AUD 0.088 for gross proceeds of AUD 2,600,000 on November 25, 2020. The transaction will include participation from professional and sophisticated investors. The transaction will complete in two tranches. The company will issue 25,568,182 shares in the first tranche and 3,977,272 shares in the second tranche. The second tranche will include participation from the directors and officers of the company for 3,806,818 shares. The second tranche will be subject to the approval of the shareholders. The transaction has been approved by the Board of Directors of the company. The company expects to receive tranche 1 on or before November 27 2020. Duyuru • Jun 16
Marenica Energy Limited announced that it has received AUD 1.0013 million in funding On June 15, 2020, Marenica Energy Limited (ASX:MEY) closed the transaction. The company has issued 13,192,095 shares for the proceeds of AUD 501,299 in its second tranche.