Lithium Plus Minerals Ltd. (AU:LPM) has released an update.
Lithium Plus Minerals Ltd. has announced the strategic acquisition of two Australian uranium and rare earth element (REE) projects, alongside the consolidation of their existing Moonlight Project into a new subsidiary, Newco, retaining a 50% stake. The key focus will be the MacDonnell Ranges Uranium Project near Alice Springs, NT, with the company also securing a 1% royalty on any lithium mined at the Moonlight Project. This move bolsters Lithium Plus’s asset portfolio amidst a global energy transition, with the company well-financed to advance these projects.
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