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Elevate Uranium Ltd

  • Stand: M26
  • Location: Australia and Namibia
  • Tickers: ASX:EL8
  • Commodities: Uranium
  • Project Stages: Exploration

Elevate Uranium is a geographically diverse uranium exploration company with significant resources in Namibia and Australia and is making new discoveries through active exploration programs.  The Company’s shares are listed on the Australian Securities Exchange ticker code EL8 and are traded on several overseas exchanges including OTCQX - ELVUF.

Elevate Uranium continues to explore on its large tenement position in the globally recognised Erongo uranium region in Namibia, a country with an established and longstanding uranium mining industry and supportive government.  Elevate Uranium also has uranium projects and joint venture interests containing substantial uranium resources in locations in the Northern Territory and Western Australia.

The Company’s growth is dependent on factors within its control but also outside its control.  Factors within the Company’s control include its exploration activities and the value add from application of U-pgradeTM.  The Company has demonstrated exploration success over the past four years with four discoveries and estimation of a maiden JORC resource at Koppies in Namibia.  The Company expects the exploration success to continue.  The factors outside the Company’s control include the increasing demand for carbon free reliable baseload energy which nuclear (fed from uranium) provides.  The demand for uranium outweighs supply, which ultimately will result in an increase in the uranium price.  

U-pgradeTM is Elevate Uranium’s 100% owned breakthrough beneficiation process which reduces ore mass by 95% prior to leach.  Bench-scale testing on the Marenica Uranium Project in Namibia increases ore grade from 93 ppm to 5,000 ppm U3O8, greatly reducing mass flows and equipment sizes through the beneficiation process.

The U-pgradeTM process provides the potential of a 50% reduction in CAPEX and OPEX compared with conventional processes.  U-pgradeTM provides flexibility and optionality in project design and development, and due to the anticipated lower cost of production, potentially allows Elevate Uranium to develop a mining operation at lower uranium prices than its peers.

The demand for carbon free energy, from a reliable base load source, continues to grow.  Carbon free nuclear energy is powered by uranium and Elevate Uranium is on a pathway to feed uranium into this demand.

  • asx: el8

    • 0.03 (5.22%)

* Based on previous 24 hours performance

  • asx: el8

    • 0.095 (18.27%)

* Based on previous 7 days performance

  • asx: el8

    • 0.125 (25.51%)

* Based on previous 12 weeks performance

  • asx: el8

    • 0.305 (98.39%)

* Based on previous 12 months performance

Open 0.57000 Volume 1490768
High 0.61500 52w High 0.67750
Low 0.57000 52w Low 0.27000
Close 0.61500

* 22 May 2024 (AUD)

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