The additional benefits of the deal is that 1AE has options over a further 20% of Macro and has a 15% undiluted project interest through to the end of a bankable feasibility study on the lithium. If you you consider the amount of capital required ~ ($30 - $50 Mil) to drill out the lithium resource and complete a BFS then existing shareholders would probably be diluted to 15% anyway. This deal prevents the shareholders interests in the uranium project from being diluted by capital raises for the lithium. Good deal in my view.
The additional benefits of the deal is that 1AE has options over...
Add to My Watchlist
What is My Watchlist?
