Lithium Plus Minerals Ltd. (AU:LPM) has released an update.
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Lithium Plus Minerals Ltd. has announced the strategic acquisition of two Australian uranium and rare earth element (REE) projects, alongside the consolidation of their existing Moonlight Project into a new subsidiary, Newco, retaining a 50% stake. The key focus will be the MacDonnell Ranges Uranium Project near Alice Springs, NT, with the company also securing a 1% royalty on any lithium mined at the Moonlight Project. This move bolsters Lithium Plus’s asset portfolio amidst a global energy transition, with the company well-financed to advance these projects.
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