Elevate Uranium
Primary tickers: ASX:EL8, OTCQX:ELVUF
Stage of development: Exploration
Primary mineral: Uranium
Projects to promote: Namibian and Australian Projects
Project locations: Namibia, Australia
Website: www.elevateuranium.com.au
2025 Investor Site Visit: Click here
Elevate Uranium is a uranium development company with significant resources in Namibia and Australia. The company has made four discoveries in Namibia, contributing to a global resource of 152 million pounds of U3O8. Elevate Uranium is one of the most active uranium companies on the ASX and is committed to ongoing exploration programs focused on growth and development.
The company’s assets are further enhanced through its proprietary beneficiation process called U-pgradeTM. This patented process, developed in-house, is designed to increase the value of the company’s near-surface projects. Successful testing of the process highlighted its potential to significantly reduce capital and operating costs by as much as ~50% compared to conventional processes. The Company are now progressing the design and construction of a U-pgradeTM Demonstration Plant at the Koppies Project which will underpin the next phase of technical studies and development.
U-pgradeTM gives Elevate Uranium and its portfolio of projects a strategic advantage, setting it apart from its peers and providing value and development optionality.
Cash: AUD26.6M (as at 31 December 2024)
Debt: NIL
Major Shareholders:
Paradice Investment Managers – 9.9%
Sprott Uranium Miner ETF’s – 8.1%
Mirae Asset Global Investments – 5.3%
Cumulus Wealth PTY Ltd – 5.2%
Retzos Holdings – 4.1%
Management Ownership – 4.1%
Financials
Management Profile
Murray Hill – MD & CEO
Murray is the Managing Director of Elevate Uranium Ltd. Murray has over 38 years experience in the mining industry including 18 years in uranium, all of which has been in Namibia. Murray worked as a Metallurgical Consultant in his own business for the 10 years prior to joining Elevate Uranium.
Murray has a strong initiative and is a high achiever always searching for new and/or improved methods or technologies to gain improvement. This is complimented by his practical mindset.
He is the champion of Elevate Uranium’s U-pgradeTM process for upgrading secondary uranium ores.
What is your rationale for taking part in 121 Mining Investment?
We are looking to introduce Elevate to potential new investors. Elevate has 4 new discoveries in Namibia over the past 4 years and are actively exploring.
What recent news would you like to highlight to investors attending?
27 March 2025 – Appointment of New Chairman
20 March 2025 – U-pgrade Demonstration Plant Construction Update
25 February 2025 – Bigrlyi Mineral Resource Increased by 12%
12 December 2024 – Chemical Assays Confirm Bigrlyi Drilling Results
9 December 2024 – Company Update
22 October 2024 – Strongly Supported $25M Institutional Placement
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete construction of demonstration plant and prepare to ship to Namibia.
6 Months:
Assemble, commission and operate demonstration plant on Koppies ore in Namibia.
12 Months:
Finalise study on outcomes of Koppies demonstration plant.
What do you think makes your company such a compelling investment?
The unique value addition through the application of our proprietary U-pgradeTM process on our near surface resources.
What are the top 3 key investor takeaways?
1. Construction and operation of our proprietary U-pgradeTM process demonstration plant later CY2025.
2. Operating U-pgradeTM demonstration plant on Koppies ore and subsequent study to confirm cost benefits.
3. Increased demand for carbon free reliable energy that nuclear provides.