26 October 2023
26 October 2023
Matador Mining also announced an A$1.5m ($951,266) share purchase plan for current Australia and New Zealand shareholders.
The proposed restructuring, triggered by a slump in commodity prices and rising operating costs, will affect four shafts.
The land package that Valor will acquire has returned samples with up to 5.44% of triuranium octoxide (U₃O₈).
Curtailments at the company’s Chilean operations are causing lower production levels.
Following feedback from regulators, the company has withdrawn the original application sought for the QBME project.
The approval allows Avenira to extract 40,000tpa of ore from the Wonarah phosphate project.
Kraken plans to begin the drilling programme at the uranium project before this year-end.
Pirra Lithium has also agreed to acquire a further 348km² of lithium rights in the East Pilbara from Haoma Mining.
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