Elevate Uranium Ltd Quarterly Activities Report for June 2026
Key points
- U-pgradeTM Pilot Plant optimization continues with results expected in August 2026
- Ownership of Marenica Uranium Project increased to 90%
- Mineral Resource Estimate for Marenica increased by 31% to 52.8 Mlb U3O8
- Cash holdings of the company stand at $28.9 million
Full summary
Elevate Uranium Ltd's Quarterly Activities Report for June 2026 highlights ongoing optimization efforts for the U-pgradeTM Pilot Plant, with results anticipated in August 2026. The company has increased its ownership of the Marenica Uranium Project to 90%, enhancing its economic and strategic interest. Additionally, the Mineral Resource Estimate for Marenica has increased by 31% to 52.8 million pounds of U3O8. The report also notes the company's cash holdings of $28.9 million and provides details on exploration expenditures and payments to related parties.
Outlook
The company anticipates releasing the U-pgradeTM Pilot Plant results in August 2026, subject to resolution of procurement and customs issues.
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