URANIUM
Uranium explorer Alligator Energy has struck a deal with Cameco Australia to acquire its remaining 41.65% interest in the Beatrice project, in the Northern Territory, consolidating its own interest in the project.
The purchase consideration has been structured with a nominal up-front cost, and the granting of a 15-year option to Cameco, which enables the buy-back into the project on the discovery and definition of a Joint Ore Reserves Committee (Jorc) compliant resource of 100-million pounds or more of uranium oxide.
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