Tanzania, a global leader in uranium resources, is in a good position to establish itself as a significant player in the global nuclear energy sector. Significant Tanzanian deposits include Namtumbo (Mkuju), Bahi, Galapo, Minjingu, Mbulu, Simanjiro, Lake Natron, Manyoni, Songea, Tunduru, Madaba and Nachingwea. Of these projects, Mkuju River is the largest, boasting a mineral resource of 8,500 tons U3O8 and, once operational, will be the country’s first operating uranium mine.
Moab Minerals announced the acquisition of a majority stake in Katika Resources, a Tanzanian company that holds the Manyoni and Octavo uranium projects on the 8th of July 2024. The Manyoni project was previously explored by Uranex Ltd from the early 2000s until 2013. The Octavo uranium project is adjacent to Rosatom’s world-class Nyota uranium deposit (Mkuju River project), which was formerly held by ASX-listed Mantra Resources before the AU$1.02 billion takeover in 2011.
This Moab Minerals profile is part of a paid investor education campaign.*
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