Potential upside is staggering20 Aug 2025 06:48
TVR
Metals One Increases NovaCore Stake to 35% to Accelerate Maiden Drilling
at Red Basin Uranium Project, New Mexico
"NovaCore's board of directors includes Neil Herbert (Founder and Chairman) and Douglas Christopherson (Founder and Technical Advisor) both of whom played key roles in the management of AIM and TSX listed Uramin Inc. which was sold for US$2.5 billion."
Further information on the drill programme will be announced in due course.
Craig Moulton, Chairman of Metals One, commented:
"This investment in NovaCore's Red Basin project will deliver Metals One's first exposure to a high-impact uranium drilling campaign. We are gaining access to one of the most prospective yet underexplored uranium districts in the western U.S. with the potential to host future uranium deposits of national importance."