Haranga Resources Limited announced that its subsidiary, Mandinga Resources SARL, has secured a second three‐year renewal of its exploration permit for the Saraya Uranium Project in Senegal. The permit renewal, approved by authorities in the Kédougou Region, extends exploration activities through to 2027 and covers a total area of 1,235.72 km². Under the renewal terms, a 25% reduction of the surface area has been implemented while ensuring that all known uranium anomalies remain within the active exploration zone. The project continues to boast a substantial JORC-compliant demonstrated mineral resource with an estimated 14.5 million tonnes averaging 550 parts per million of uranium, equating to roughly 17.6 million pounds of contained eU3O8. The technical details further break down the resource into 4.1 million tonnes at 740 ppm indicated and 10.4 million tonnes at 475 ppm inferred. Haranga’s exploration strategy, which includes augmenting earlier results through additional auger and RC drilling activities, is set to build on these significant technical indicators. In addition, the renewal process coincided with a comprehensive audit by Senegalese mining authorities as part of a nationwide review of the extractive industries. The audit, initiated in April 2024, confirmed that both the permit and Mandinga Resources SARL are in exemplary standing regarding regulatory compliance and environmental obligations. This positive review reinforces the company’s commitment to transparency and responsible exploration practices in line with Senegal’s Mining Code. Investors may view this development with cautious optimism. On the bullish side, the extended permit coupled with validated resource estimates and successful government audits signals continuity and the potential for expanded exploration activity. This positive regulatory and technical endorsement may bode well for future project development and company growth. Conversely, the bearish perspective might point to the inherent risks of commodity exploration, including market volatility, uncertainties in commodity prices, and potential regulatory changes that could affect future project timelines or economic viability. Overall, the renewed permit and affirmative audit underscore Haranga Resources Limited’s solid operational standing in Senegal, providing important momentum toward unlocking further value in the resource sector while also balancing the inherent risks in early-stage exploration investments.