Australia's Elevate Uranium rises on project divestment

Orpheus Uranium

14/10/2025 01:55

** Elevate Uranium EL8.AX rises as much as 5.8% to A$0.460, highest since October 7

** Uranium explorer divests its Oobagooma project to Orpheus Uranium ORP.AX and its unit

** Deal includes upfront equity of 15 million Orpheus shares

** ORP rises 2.4%

** YTD, EL8 gains 69.8%, ORP up 20%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))