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Oro Verde turns to Uganda REE

After a few years trying its hand in the Nicaragua gold space, Oro Verde has decided to look towards Africa and is boarding the rare earth elements hype train with the acquisition of a “significant” REE project in Uganda.

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A clay deposit at Makuutu in Uganda could be easy to develop for Oro Verde

The company has struck an option agreement to earn a 60% stake in the Makuutu project, described as one of the few large ionic clay-hosted REE deposits outside of China, with a good shot of being