Hylea Metals to scoop up Kayelekera uranium project from Paladin Energy: Cobalt explorer Hylea Metals (ASX: HCO) could potentially own 85% of the Kayelekera uranium project in Malawi after entering an agreement to initially purchase 65% of the asset from Paladin Energy (ASX: PDN).
The Government of Malawi holds a 15% equity in the project, with Hylea’s joint venture partner Chichewa possessing 20%.
Under a separate deal, Hylea has the option to acquire Chichewa’s stake in the project, which would effectively give Hylea 85% of the asset
The Government of Malawi holds a 15% equity in the project, with Hylea’s joint venture partner Chichewa possessing 20%.
Under a separate deal, Hylea has the option to acquire Chichewa’s stake in the project, which would effectively give Hylea 85% of the asset
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