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Dark Star Minerals, Inc. ( (TSE:BATT) ) has provided an announcement.
Dark Star Minerals Inc. has entered into a definitive agreement to acquire Critical One Energy Inc.’s interest in the Cobra North and Khan West uranium projects in Namibia. This strategic acquisition, valued at US$760,000 in staged cash payments and share issuances, aims to enhance Dark Star’s portfolio in a globally recognized uranium district. The transaction includes a 2.0% gross overriding royalty in favor of Critical One and allows Dark Star to act as the operator during the option period. The deal is contingent on meeting standard conditions, including regulatory approvals, and aims to unlock significant exploration potential for shareholders.
More about Dark Star Minerals, Inc.
Dark Star Minerals Inc. operates in the mining industry, focusing on the acquisition and development of high-potential uranium assets. The company is particularly active in Namibia, a region known for its supportive regulatory environment for uranium mining.
Average Trading Volume: 213,875
Technical Sentiment Signal: Sell
Current Market Cap: C$2.54M
Learn more about BATT stock on TipRanks’ Stock Analysis page.