15 December 2023
15 December 2023
Arizona Sonoran Copper (ASCU) has granted Nuton an exclusive right and option to acquire between a 35% and 40% interest in its Cactus project.
Located next to community of Brisco, the Tatooine silica project covers around 5,100 hectares (ha) and hosts highly-pure quartzite silica.
Covering 5,905 hectares (ha) of area, the six properties had historically produced uranium between 1950 and 1980.
The placement, which will include the issuance of nearly 156 million shares, saw demand from domestic and foreign investor groups.
The Corridor North 10779L licence covers 6,421.43 hectares (ha) and sits next to MRG Metal’s (MRG) Corridor Central (11142C) licence.
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