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Marenica shares down despite Chinese funding deal

EMERGING uranium play Marenica Energy has secured $A5 million in debt and equity funding through the support of China’s Hanlong Energy to progress its namesake $US260 million ($A263 million) heap leach project in Namibia.

Kristie Batten
Marenica shares down despite Chinese funding deal

However, the news did little to help the company’s share price which closed 12.5% lower on the back of the news. In addition, the pair struck a memorandum of understanding encompassing longer term...

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