Hertz Lithium, Inc. (TSE:HZ) has released an update.
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Hertz Energy Inc. is set to reorganize its uranium assets, including the Cominco Uranium Project in Nunavut and prospecting licenses in Namibia, into a new entity called Hertz Uranium. This strategic move is aimed at enhancing shareholder value by capitalizing on the robust uranium market, which has seen prices soar by over 52%. The spin-out will also enable Hertz Energy to focus on its lithium projects in Quebec’s emerging lithium district.
For further insights into TSE:HZ stock, check out TipRanks’ Stock Analysis page.
