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Tombador Iron Ltd. ( (AU:TI1) ) has shared an announcement.
Tombador Iron Ltd. has signed a binding agreement to acquire GoviEx Uranium Inc., aiming to create an ASX-listed company focused on uranium exploration and development in Africa, with the Muntanga Uranium Project in Zambia as its core asset. The transaction, which will see the combined entity renamed ‘Atomic Eagle Limited’, is expected to enhance the company’s market positioning and provide access to significant capital pools, potentially improving project economics and benefits for stakeholders.
More about Tombador Iron Ltd.
Tombador Iron Limited, an Australian company listed on the ASX in October 2020, initially focused on the production of high-grade hematite iron ore from an open-cut mining operation. The project was sold in December 2023.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
For detailed information about TI1 stock, go to TipRanks’ Stock Analysis page.