Azarga Resources has acquired an additional 16,678,072 ordinary shares in Anatolia in addition to its existing stake of 850,000. Following the latest investment, Azarga holds about 10.1% of Anatolia.
Azarga is a private uranium and heavy rare earths development firm founded by the Hong Kong-based mining executive Alexander Molyneux.
It currently owns 80% of the largest known uranium deposit in the Kyrgyz Republic, and has recently acquired a significant interest in Powertech Uranium Corp, owner of the Dewey-Burdock uranium ISR development scheme in South Dakota, US.
Anatolia Energy CEO Jim Graham said, "We look forward to working with Azarga and our other shareholders as we continue to advance the Temrezli uranium ISR project toward production."
