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An announcement from Heavy Rare Earths Limited ( (AU:HRE) ) is now available.
Heavy Rare Earths Limited has announced the completion of a significant transaction to acquire uranium exploration assets in South Australia from Havilah Resources Limited. This acquisition grants HRE an 80% interest in uranium rights across three projects, with plans to invest $3 million over three years in exploration efforts. The company’s current focus includes the Radium Hill deposit and palaeochannels in the Lake Namba-Billeroo and Prospect Hill projects, with geophysical surveys underway to assess resource potential. This move positions HRE strategically within a region with existing uranium operations, potentially enhancing its market positioning and offering growth opportunities for stakeholders.
More about Heavy Rare Earths Limited
Heavy Rare Earths Limited (HRE) operates in the mining industry, primarily focusing on the exploration and development of rare earth elements and uranium resources. The company is listed on the Australian Securities Exchange (ASX) and is based in Melbourne, Australia. HRE is actively involved in acquiring and exploring uranium assets, particularly in South Australia’s Curnamona Province, a region known for its uranium deposits.
YTD Price Performance: -16.67%
Average Trading Volume: 155,945
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on HRE stock on TipRanks’ Stock Analysis page.
