Uganda: Blackmountain Sells US Silver Assets to Focus On Namekara Vermiculite

6 December 2017

Blackmountain Resources has finalized its withdrawal from the United States market, where it sold offs its interest in two assets exploring for silver, in order to fully concentrate on the vermiculite project at Namekara in eastern Uganda.

The Australian company bought the Namekara vermiculite and Busumbu phosphate exploration targets in 2016, and went on a debt-raising campaign to turn around the projects.

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