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The latest update is out from Diatreme Resources Limited ( (AU:DRX) ).
Lithium Plus Minerals Ltd, through its 44.7% owned entity Moonlight Resources Limited, has announced the acquisition of the Clermont Gold Project in Queensland from Diatreme Resources Ltd. This acquisition aims to establish Moonlight as a focused gold and critical minerals explorer, with plans to list on the ASX. The acquisition will provide Moonlight with a portfolio of drill-ready targets and existing rare earth and uranium opportunities. The transaction involves Moonlight issuing A$3.25 million in shares and A$250,000 in cash to Diatreme, contingent on Moonlight’s ASX listing. The move is expected to provide Lithium Plus shareholders with exposure to gold exploration while allowing the company to focus on its lithium projects.
More about Diatreme Resources Limited
Average Trading Volume: 821,569
Technical Sentiment Signal: Sell
Current Market Cap: A$100.2M
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.