Pearl Gull Iron Ltd (AU:PLG) has released an update.
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Pearl Gull Iron Ltd has announced a strategic acquisition of Huemul Holdings, which will allow it to earn up to an 80% interest in NeoRe SpA’s La Marigen Project, a highly prospective area for Ionic Adsorption Clay Rare Earth Elements in Chile. The project covers approximately 22,800 hectares and is located in an underexplored belt known for high-grade rare earth elements. The company aims to leverage this acquisition to enhance its asset portfolio and provide new opportunities for shareholders while continuing to value its existing Cockatoo Island Project.
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