Elevate Uranium Ltd
ELVUF
Other OTC0.16
USD
+0.00
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Elevate Uranium Ltd
ELVUF
(Other OTC)
Recent
price
0.16
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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- Business
- Elevate Uranium Ltd engages in the exploration, evaluation, and development of uranium deposits primarily in Namibia and Australia. The company holds significant uranium resources totaling approximately 160 million pounds U3O8 across its portfolio, including the 100%-owned flagship Koppies Uranium Project in Namibia's Namib Area with a JORC Indicated and Inferred resource of 55.9 million pounds at 203 ppm U3O8 and additional Inferred resources at Hirabeb (10.2 million pounds), alongside the 75%-owned Marenica Uranium Project (46 million pounds Elevate attributable); in Australia, it owns 100% of Angela (31 million pounds at 1,310 ppm U3O8), Thatcher Soak (11 million pounds), Minerva, and joint venture interests at Bigrlyi, Malawiri, Walbiri, and Areva, as well as exploration targets at Oobagooma, Namib IV, and Capri. Elevate Uranium's proprietary U-pgrade trademark beneficiation process, a patented in-house technology, reduces ore mass by over 95% prior to leaching, increases grades from 93 ppm to approximately 5,000 ppm U3O8, and cuts capital and operating costs by about 50% versus conventional methods, enabling development optionality at lower uranium prices. Founded in 1978 and formerly known as Marenica Energy Limited until its name change in May 2021, the company is headquartered at 28 Ord Street, West Perth, Australia, and maintains active exploration programs targeting resource expansion in Tier-1 jurisdictions. Recent developments include a A$25 million institutional placement in October 2025 to accelerate the U-pgrade demonstration plant at Koppies, fund expanded drilling across Namibian and Australian assets, advance technical studies, and pursue accretive M&A; an agreement in October 2025 to divest the Oobagooma project to Orpheus Uranium Ltd for cash, shares, and milestones to streamline focus on core Namibian and Northern Territory holdings; and an upgraded Koppies mineral resource estimate announced concurrently with the capital raise.