Marenica Energy Limited (“Marenica”) has signed a binding agreement to purchase the Mile 72 Uranium Project (EPL3308) from Metals Australia Limited (ASX:MLS).
- Marenica has acquired 100% of the Mile 72 Project.
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Marenica will pay A$30,000 cash, plus a preferential dividend of 1% of gross production from the project. The agreement to purchase is subject to obtaining any regulatory approvals that will be required in Australia or Namibia. Metals Australia Limited has completed several exploration programs since 2007, the latest of which was in 2014. The first stage for Marenica will be data validation of all available exploration data.
MLS :Multiple Targets for "Micro" Cent., page-770
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Mkt cap ! $15.99M | |||
| Open | High | Low | Value | Volume |
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