Explorers & developers / Explorers (resource stage)
Elevate Uranium
ASX:EL8OTC: ELVUFNamibia / Australiawebsite
Elevate Uranium is a resource-stage uranium explorer listed on the ASX as EL8 (OTC: ELVUF), active in Namibia / Australia. The company has disclosed 76.2 Mlb of U3O8, led by Koppies (incl. Namib IV) in Namibia (JORC 2012, as of Apr 2026). Last reported cash was A$28.8M as at Jun 2026, per the filing cited below.
Market cap
$100M
live, primary listing
Share price
A$0.295
ASX:EL8
Disclosed resource
76.2 Mlb
U3O8 across 1 deposit, source-linked
MCap/lb
$1.31
EV/lb $1.04 (cash-adjusted)
EL8 share price, 1 year
Disclosed resources
| Deposit | Resource | Grade | Category · code | Method | Sources |
|---|---|---|---|---|---|
| Koppies (incl. Namib IV)Namibia | 76.2 Mlb | surficial, palaeochannel-hosted | Inferred (maiden Namib IV) + prior estimatesJORC 2012 · Apr 2026 | Method TBDKoppies page states no mining method; ~50% of mineralisation within 7 m of surface. | Elevate ASX announcement: Koppies resource base to 76.2 Mlb (Apr 2026, PDF)The Assay: Koppies 76.2 Mlb coverage |
Cash and runway
A$28.8M in cash and equivalents as at Jun 2026 (US$20.8M at the live rate)
The company stated 5.89 quarters of funding available in the same filing.
Source: Elevate Quarterly Activities / Appendix 5B Cash Flow Report, June 2026 quarter (29 Jul 2026) (primary-announcement). EV/lb on this page subtracts this cash from the live market cap; debt is not subtracted.
Exploration targets †
The potential quantity and grade of an Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Ranges are shown exactly as the issuer disclosed them and are never added to the resource figures above.
- Oobagooma (Kimberley) 650–950 ppm U3O8 · 26–52 Mlb contained · Sep 2021 [1]Filed as grade and contained-metal ranges only (no tonnage range). Project is under a pending divestment to Orpheus Uranium announced Oct 2025; still held as of Aug 2026.
Company notes
Koppies is the flagship; company-wide resources total ~163 Mlb U3O8 across Namibia and Australia (same announcement).
Frequently asked questions
- What uranium resources has Elevate Uranium disclosed?
- Elevate Uranium has disclosed 76.2 Mlb of contained U3O8: Koppies (incl. Namib IV) (76.2 Mlb, JORC 2012, as of Apr 2026). Each figure links to the company disclosure that published it.
- How much cash does Elevate Uranium have?
- Elevate Uranium reported A$28.8M in cash and equivalents as at Jun 2026, per the quarterly filing cited on this page. The company stated 5.89 quarters of funding available in the same filing.
- Where does Elevate Uranium stock trade?
- Elevate Uranium trades on the ASX under the ticker EL8, with a US over-the-counter listing under ELVUF. The market cap shown on this page is computed live from the primary listing.
Figures on this page come from the cited company disclosures; the tracker methodology explains tiers, ratios and staleness rules. Prices refresh hourly. Informational only, not investment advice.
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Cite this page
Using our data in an article or report? Please credit Yellowcake Analytics with a link.
Yellowcake Analytics. "Elevate Uranium (Koppies (incl. Namib IV))." Yellowcake Analytics, 2026, https://www.yellowcakeanalytics.com/explorers/elevate-uranium.
<a href="https://www.yellowcakeanalytics.com/explorers/elevate-uranium">Elevate Uranium (Koppies (incl. Namib IV))</a> — Yellowcake Analytics (www.yellowcakeanalytics.com)
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