URANIUM
ASX-listed Vimy Resources on Thursday announced that it would buy the Alligator River project on Aboriginal land, in the Northern Territory, from Canadian major Cameco for A$6.5-million.
The acquisition would result in Vimy holding the largest granted tenement package in the Alligator River uranium province, which according to the junior is considered to be one of the top three uranium exploration districts in the world, with the others being the Athabasca basin, in Canada, and the Chu-Saraysu and Syrdarya basins in Kazakhstan.
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