AuKing Mining (ASX:AKN) has completed the $6M purchase of various prospective uranium and copper licences in Tanzania.

The acquisition was completed through the issue of 60,000,000 ordinary shares and 30,000,000 options exercisable at 20c on or before 30 September 2025.

The four uranium projects (Mkuju, Manyoni, Itigi and Magaga) and two other prospective copper projects (Mpanda and Karema) will now be aggressively explored.

AuKing has also carried out a two-staged capital raising exercise to raise about $3.5M, and says completion of the acquisition will allow investor interest to grow as the Company works up these projects.