MetalNRG to acquire 75% interest in Thambani uranium licence: MetalNRG to acquire 75% interest in Thambani uranium licence
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MetalNRG has signed an agreement to acquire up to a 75% interest in Mkango Resources’ Thambani exclusive prospecting licence in Malawi.
Under the non-binding heads of terms agreement, MetalNRG will invest up to $2m on exploration to earn the interest.
The agreement terms outline that MetalNRG and Mkango will enter into a binding definitive agreement on or before the 30 June.
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MetalNRG has signed an agreement to acquire up to a 75% interest in Mkango Resources’ Thambani exclusive prospecting licence in Malawi.
Under the non-binding heads of terms agreement, MetalNRG will invest up to $2m on exploration to earn the interest.
The agreement terms outline that MetalNRG and Mkango will enter into a binding definitive agreement on or before the 30 June.
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