Pearl Gull Iron Ltd (AU:PLG) has released an update.
Pearl Gull Iron Limited has entered into a binding agreement to acquire Huemul Holdings, which holds the right to earn up to an 80% interest in the La Marigen Project in Chile, a site with high potential for rare earth elements. The acquisition aims to diversify Pearl Gull’s asset portfolio and capitalize on the prospective ionic adsorption clay rare earth elements within the region. The company is also enhancing its board with the appointment of Dr. John Mair, an experienced executive in the rare earth industry, to guide the development of the newly acquired project.
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