Boss Energy Limited ( (AU:BOE) ) has provided an announcement.
Eclipse Metals Ltd has entered into a binding option and earn-in agreement with Boss Energy Limited to advance the Liverpool Uranium Project in Northern Territory, Australia. This strategic alliance allows Boss Energy to earn up to an 80% interest in the project by investing up to $8 million in exploration over seven years, with the potential to increase its stake to 90% for an additional $50 million. This partnership enables Eclipse to focus on its rare earth assets in Greenland while maintaining a strong presence in the Australian uranium sector, potentially enhancing shareholder value and accelerating exploration efforts.
More about Boss Energy Limited
Eclipse Metals Ltd is a company involved in the exploration and development of mineral resources, with a focus on uranium and rare earth elements. The company is actively engaged in projects in Australia and Greenland, aiming to contribute to the global critical minerals supply chain.
YTD Price Performance: -12.33%
Average Trading Volume: 23,684
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $592.3M
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