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Elevate Uranium Raises $25M to Launch U-pgrade™ Plant and Expand Namibian Resources
6:40pm on Sunday 1st of June, 2025 AEST
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Mining
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Elevate Uranium Raises $25M to Launch U-pgrade™ Plant and Expand Namibian Resources
6:40pm on Sunday 1st of June, 2025 AEST
Key Points
Completed $25 million institutional placement led by Paradice and Sprott
U-pgrade™ demonstration plant design and construction underway for Namibia operation
Extensive drilling programs at Koppies, Hirabeb, Namib IV, Capri, and Marenica projects
Koppies resource upgraded with 78% now in Indicated category, totaling 66.1 Mlb U3O8
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