- Dark Star Minerals has acquired the Cobra North and Khan West uranium projects in Namibia.
- The company has paid $10,000 and issued 200,000 shares to Critical One Energy.
- In June 2025, Dark Star signed a letter of intent for a larger acquisition deal worth $760,000.
- Cobra North and Khan West are strategically located near the Rössing Uranium Mine.
- Dark Star is seeking to raise $250,000 through a non-brokered private placement to fund exploration efforts.
Dark Star Minerals Completes Acquisition of Uranium Projects
Dark Star Minerals is making waves in the mining sector, having just closed a deal to acquire the Cobra North and Khan West uranium projects in Namibia. This acquisition came with a price tag of US$10,000 and also included the issuance of 200,000 shares to Critical One Energy, which, of course, sparked interest among investors. Dark Star, which operates on the Canadian Securities Exchange under the ticker BATT, has its eyes focused on developing critical mineral resources, particularly those tied to the booming rare earth complex.
Strategic Advantages in Namibian Uranium Sector
Back in June 2025, things got rolling as Dark Star signed a non-binding letter of intent to take over both projects for a bigger deal worth US$760,000 and a hefty 14.2 million shares at a price of $0.10 each. The company believes that securing Cobra North and Khan West will give it not just geological advantages, but strategic ones too, thanks to the projects’ close distance to the well-known Rössing Uranium Mine. This mine has long been a focal point in the uranium sector, and Dark Star seems to think that being nearby could open up further opportunities.
Funding Exploration: Non-Brokered Private Placement Details
In a bid to fund further exploration efforts, Dark Star is setting up a non-brokered private placement that aims to rake in up to US$250,000. The proposed placement includes five million units priced at $0.05 each, and each unit comes with one common share and half a share purchase warrant. Those warrants? They grant holders the option to buy another share for $0.075 within two years, which could prove attractive as the projects progress. Speaking of the projects, Cobra North and Khan West are nestled in Namibia’s Erongo uranium province, a region that’s crucial to the country’s mining landscape.
In a move aimed at bolstering its assets, Dark Star Minerals has acquired the Cobra North and Khan West uranium projects in Namibia for a modest $10,000 and shares. This acquisition showcases the company’s commitment to expanding its critical mineral resources portfolio, especially given the strategic advantages these projects offer. With plans for a significant private placement to fund exploration, Dark Star is positioning itself to tap into Namibia’s promising uranium production, which is expected to grow in the coming years, solidifying its place in this competitive industry.
