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An update from Greenvale Mining ( (AU:GRV) ) is now available.
Greenvale Energy Limited has entered into a Farm-in Agreement with SRL Hot Rocks Pty Ltd, a subsidiary of Sunrise Energy Metals, to develop the Millungera Basin Geothermal Project. This agreement allows SRL-HR to fund exploration and development up to $5 million to earn a majority interest, enabling Greenvale to focus on its uranium portfolio while advancing its geothermal assets. The project, located in a geologically promising area for geothermal energy, has the potential to significantly contribute to Australia’s clean energy supply. With exploration permits granted and access agreements in place, the project is poised to commence exploration activities.
More about Greenvale Mining
Greenvale Energy Limited operates in the energy sector, focusing on geothermal and uranium resources. The company is engaged in exploring and developing geothermal energy projects, particularly in the Millungera Basin in north-west Queensland, Australia, aiming to contribute to clean energy solutions.
Average Trading Volume: 319,014
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$23.89M
Learn more about GRV stock on TipRanks’ Stock Analysis page.