Moab finalises uranium project acquisition

Moab Minerals has completed its 81.5% acquisition of the shares of Linx Resources which boasts a diverse portfolio of large-scale uranium projects in Tanzania. Pic: Getty Images Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News. Moab has completed the acquisition of 81.85% of the shares of Linx Resources

It has also converted its loan to Linx of $521,000 to equity in Linx

This takes its ownership to 89.6% with exploration set to begin shortly

Special report : Moab Minerals has finalised an 81.85% acquisition of shares in Linx Resources, bringing its total ownership to 89.6% as it looks to capitalise on uranium’s strong market fundamentals. Moab Minerals (ASX:MOM) is well-acquainted with uranium with its project portfolio comprising the historical REX project in Colorado’s famed Uravan mineral belt.But with analysts tipping an upwards surge in uranium prices later […]

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