Moab Minerals Limited has secured $500,000 from European Lithium for its Manyoni Uranium Project in Tanzania, with plans for future drilling and resource estimation. The project will also be showcased during African Mining Week, providing a platform for investment across the continent.

Moab Minerals Limited has secured a commitment of $500,000 from Australian mining company European Lithium to advance its Manyoni Uranium Project in Tanzania. This financial support will be allocated through a private placement, aimed at facilitating exploration at Manyoni and enhancing Moab’s overall working capital.

Recent drilling results released in February 2025 have confirmed the existence of high-grade commercial uranium deposits at the Manyoni site. Moab is set to disclose metallurgical test results for the project in March 2025, initiate expanded drilling in September 2025, and publish a maiden mineral resource estimate by December 2025. Additionally, the company is actively investigating gold and lithium deposits in Ghana.

African Mining Week presents an exceptional opportunity to explore diverse mining initiatives across the African continent. This event will occur concurrently with the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town, where sponsors, exhibitors, and attendees can gain valuable insights. Interested parties may reach out to sales@energycapitalpower.com for further information.

In conclusion, Moab Minerals Limited has received significant funding to enhance its Manyoni Uranium Project in Tanzania, positioning itself for promising developments in the mining sector. With confirmed uranium deposits and plans for upcoming metallurgical tests and drilling, the company is on track for a successful project timeline, while also diversifying its exploration activities in Ghana. Furthermore, African Mining Week serves as an essential gathering to foster investment opportunities in Africa’s mining landscape.

Original Source: energycapitalpower.com