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Arkle Resources acquires Namibia uranium stake for N$49 million
Summary by African Mining Market
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Arkle Resources acquires Namibia uranium stake for N$49 million
Arkle Resources has acquired an 85% stake in Namibia Uranium Pty Ltd. for £2.032 million, equivalent to about N$49 million, while simultaneously raising £1.7 million, or roughly N$41 million, through an oversubscribed placing and subscription to fund exploration and development work in Namibia’s Erongo Region. The transaction gives Arkle control of four exclusive prospecting licences …
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