Dec 28 (Reuters) - Astron Corp Ltd (ATR) : NON-BINDING MOU -...

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    Dec 28 (Reuters) - Astron Corp Ltd (ATR) :

    • NON-BINDING MOU - DONALD PROJECT JV & REEC OFFTAKE AGREEMENT
    • ENTERED NON- BINDING MEMORANDUM OF UNDERSTANDING WITH ENERGY FUELS RESOURCES (USA)
    • MOU PROVIDES FOR ENERGY FUELS TO INVEST A$180 MILLION TO EARN A 49% INTEREST IN VENTURE
    • MOU TO JOINTLY DEVELOP DONALD RARE EARTHS AND MINERAL SANDS PROJECT
    • MOU CONTEMPLATES VENTURE TO INITIALLY CONSIST OF OPERATIONS TO MINE 7.5 MILLION TONNES PER YEAR OF ORE
    • AS SOON AS PRACTICABLE AFTER COMMENCING PHASE 1 COMMERCIAL PRODUCTION, VENTURE TO DOUBLE ORE PRODUCTION TO 15 MILLION TONNES PER YEAR
    • MOU PROVIDES FOR EXCLUSIVITY PERIOD UNTIL 1 MARCH 2024 DURING WHICH ENERGY FUELS WILL COMPLETE REMAINING DUE DILIGENCE
 
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