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Tuesday, October 8, 2019

Hylea acquisition provides leverage to next uranium cycle

Hylea acquisition provides leverage to next uranium cycle: Hylea Metals Ltd (ASX:HCO) has come a long way in the last three months, having changed direction with the acquisition of a 65% stake in a high-grade uranium project in Africa.

This mine has an established resource and has previously delivered strong production.

It would appear that the investment community has realised the potential of this asset with Sachem Cove Specialty Opportunities Fund LP emerging as a substantial holder on Monday with a stake of 5.15%.

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