Pinnacle Minerals Limited (AU:PIM) has released an update.
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.
For further insights into AU:PIM stock, check out TipRanks’ Stock Analysis page.