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.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.
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