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Australian firm to acquire 60 percent stake in Ntungamo and Mityana mining projects as rush for critical minerals surges globally

A photo collage of David Prentice, Blaze Minerals Chairman and Allan Agumya, Director Gecko Uganda

Blaze Minerals Limited, an Australian listed firm has turned to Uganda as it seeks fulfill the global demand for critical minerals, with a 60 percent acquisition in Gecko Minerals Uganda, the beneficial owner of the Ntungamo and Mityana mining projects, which are prospective for critical metals including beryllium, rubidium, lithium, tin and tantalite.  The Ntungamo project has three exploration licenses and the Mityana project has one exploration license. The remaining 40% of Gecko Uganda shall be free carried by the Company until the delivery of a Bankable Feasibility Study, but may be purchased by the Company for US$750,000 at any…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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