Pinnacle Minerals Limited (AU:PIM) has released an update.
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Pinnacle Minerals Ltd has signed a binding Heads of Agreement with Adavale Resources for the sale of Uranium Rights at the Wirrulla project, which includes a $20,000 payment, 10 million ADD shares, and 5 million ADD options. This strategic move allows Pinnacle to concentrate on its rare earth exploration while retaining a stake in potential uranium findings. Anticipated rare earth assay results from historical core samples are expected to provide insights into clay hosted rare earth mineralization potential this quarter.
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