What You Need to Know
MRG Metals has initiated exploration at its Olinga uranium and rare earth tenement in Mozambique. The company aims to identify radiometric anomalies through extensive sampling and mapping. This project could enhance MRG’s critical minerals portfolio, particularly in the context of rising uranium prices and supply concerns in the global market.
Africa-Press – Mozambique. MRG Metals has started exploration at its Olinga uranium and rare earth tenement in Mozambique, targeting radiometric anomalies via intensive sampling and mapping.
Olinga could become a fourth pillar in MRG’s critical minerals portfolio, adding uranium exposure amid a tightening global market and elevated uranium prices.
MRG Metals has begun field exploration at its 16,535-hectare Olinga uranium and rare earth tenement in Mozambique, launching stream sediment, alluvial, mapping and outcrop sampling to test radiometric anomalies consistent with uranium-bearing systems.
Olinga, which shows a higher uranium-to-thorium ratio than some of the company’s nearby licences, is seen as a potential fourth pillar in MRG’s critical minerals portfolio, positioning the company to benefit from a structurally tight uranium market marked by prices above US$100 per pound and growing supply concerns.
More about MRG Metals Limited
MRG Metals is an ASX-listed exploration company focused on critical minerals, including rare earth elements, titanium dioxide and now uranium, with projects in Mozambique and South Africa. Its portfolio includes the Garies Rare Earth Project in South Africa, the Adriano-Fotinho Rare Earth Corridor in Mozambique and a large, fully funded titanium dioxide joint venture in Mozambique.
MRG Metals is an ASX-listed company focused on critical minerals, including uranium, rare earth elements, and titanium dioxide. The Olinga tenement, covering 16,535 hectares, is part of MRG’s strategy to diversify its portfolio amid increasing global demand for uranium, driven by supply constraints and rising prices. The exploration efforts at Olinga are part of a broader trend in Mozambique, which is becoming a significant player in the mining sector, particularly for critical minerals essential for modern technologies.
