Moab Minerals Limited has received a $500,000 investment from European Lithium for its Manyoni Uranium Project in Tanzania. The funding will support exploration efforts. Significant drilling results confirmed high-grade uranium deposits, with important project milestones scheduled for 2025. Additionally, the African Mining Week will provide a platform for mining opportunities across Africa in October 2025.
Moab Minerals Limited has secured a commitment of $500,000 from Australian mining firm European Lithium to aid the Manyoni Uranium Project in Tanzania. This funding will be made available through a private placement and is intended to enhance exploration efforts at the Manyoni site while also supporting Moab’s working capital requirements.
In February 2025, drilling results revealed the presence of high-grade, commercially viable uranium deposits at Manyoni. Upcoming developments include metallurgical test results set for announcement in March 2025, expanded drilling scheduled for September 2025, and a maiden mineral resource estimate expected by December 2025. Additionally, Moab is pursuing gold and lithium deposits in Ghana.
African Mining Week represents a significant annual event dedicated to the diverse mining opportunities across the African continent. Scheduled to run alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town, the event serves as an essential networking platform for sponsors, exhibitors, and delegates interested in the mining and energy sectors.
In summary, Moab Minerals Limited is advancing its exploration initiatives at the Manyoni Uranium Project in Tanzania, bolstered by a substantial investment from European Lithium. The outcomes of upcoming tests and expanded drilling will be pivotal for the project’s future. Furthermore, African Mining Week will facilitate discussion and collaboration within the mining sector, promoting investment opportunities across the continent.
Original Source: energycapitalpower.com
