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Energy Metals Strikes High-Grade Uranium in Ngalia Amid Market Rally

7:02am on Friday 31st of October, 2025 AEDT Mining
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Energy Metals Strikes High-Grade Uranium in Ngalia Amid Market Rally

7:02am on Friday 31st of October, 2025 AEDT
Key Points
  • High-grade uranium intersections at Walbiri South and Penrynth prospects
  • Energy Metals’ ownership in Bigrlyi Joint Venture slightly increased
  • Strong cash balance of approximately $8.91 million at quarter-end
  • Uranium spot prices rose to US$82.60/lb amid supply constraints and demand growth
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