Heavy Rare Earths Limited (AU:HRE) has released an update.
Havilah Resources Limited has entered into binding agreements with Heavy Rare Earths Limited, monetizing a portion of its uranium exploration assets in South Australia. The deal provides Havilah with equity in Heavy Rare Earths and involves the issuance of shares and options, along with a substantial expenditure commitment over three years. This strategic move grants Heavy Rare Earths exploration and mining rights, potentially boosting Havilah’s exposure to the uranium market.
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