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Thunderbird Resources ( (AU:THB) ) has provided an announcement.
Thunderbird Resources Limited has entered into a binding option agreement with Mustang Energy Corporation, allowing Mustang to acquire up to an 80% interest in Thunderbird’s Cluff Lake North and Surprise Creek Uranium Projects in Canada’s Athabasca Basin. This strategic move enables Thunderbird to concentrate on its gold and antimony projects in New South Wales while maintaining exposure to potential exploration success in uranium. The partnership with Mustang, which has significant experience in the region, is timely given the positive market sentiment towards uranium exploration, potentially enhancing Thunderbird’s asset portfolio value.
More about Thunderbird Resources
Thunderbird Resources Limited is a company focused on advancing its core gold and antimony projects in New South Wales, Australia. The company is also involved in uranium exploration in Canada’s Athabasca Basin through its Cluff Lake North and Surprise Creek projects.
Average Trading Volume: 1,384,141
Technical Sentiment Signal: Sell
Current Market Cap: A$5.07M
See more insights into THB stock on TipRanks’ Stock Analysis page.