Hertz Energy (CSE:HZ, OTCQB:HZLIF) is advancing its uranium strategy with the submission of applications for uranium Exclusive Prospecting Licenses (EPLs) in Namibia.
The application encompasses 9,630 hectares situated in Central Namibia.
Namibia, renowned for its abundant uranium resources, presents a promising prospect for Hertz Energy (CSE:HZ, OTCQB:HZLIF)'s strategic expansion. With notable uranium operations such as the Husab and Rossing mines already established in the region, Namibia stands as a key player in the global uranium market, ranking third in production volume globally.
"We are devoted to increasing our footprint in the green energy metals markets and are excited to enter Namibia this year,” Hertz CEO Kal Malhi said in a statement.
“Namibia has a long history of uranium exploration and production," he added.
The company's applications target regions within the Erongo province, known for hosting significant primary and secondary uranium deposits. These areas exhibit geological formations conducive to uranium mineralization, with promising indicators identified through preliminary radiometric surveys.
Mary Barton, a Professional Natural Scientist leading Odikwa Geoservices, played a pivotal role in facilitating Hertz Energy's entry into Namibia, according to a statement from Hertz. Odikwa Geoservices, renowned for its expertise in the Namibian mining sector, conducted thorough geological assessments to identify prospective grounds for licensing applications.
"Mary Barton and her team at Odikwa Geoservices have been instrumental in setting up our operations in the country,” Malhi told investors. “We are fortunate to have access to an expert local geological consultant company and look forward to developing and executing our exploration initiatives in the coming months once we receive government approvals."