Moab Minerals Acquires Major Tanzanian Uranium Assets

Moab Minerals is set to acquire an 81.85% stake in Linx Resources, gaining access to the Manyoni and Octavo Uranium Projects in Tanzania. Spanning 216 square kilometers, these projects offer significant exploration potential. With $3.2 million in cash, Moab plans to expedite development efforts. The company's focus will be on updating the historical JORC 2004 estimate of 20.5 million pounds of uranium to a JORC 2012-compliant resource. With uranium prices at a 17-year high, this acquisition presents a lucrative opportunity for Moab in the uranium market.