DELECTA (ASXLC)This $10m market cap minnow chose a good time to resume exploration at the early-stage Rex uranium project in Colorado. Sampling and mapping programs have, so far, returned high-grade uranium and vanadium results. Exploration is ongoing, with assays from the current program expected to be returned in the coming weeks.“Due to renewed optimism surrounding future uranium pricing, the company recently decided to ramp up exploration at its majority-owned REX uranium-vanadium project,” DLC boss Malcolm Day says.“The project’s history of uranium mining, its proximity to operating infrastructure, and the prevailing supportive government regime, bodes well for the development of the project.” Early days but at a $11 million market capitalization, I think another run on the stock is more than likely. Just a warning, DLC is rated R 18+, and material is restricted to adults as it contains content that is considered high in impact for viewers.
