Everest vends into IPO for uranium superboost

Everest Metals is set to cash in on the latest boom in uranium prices with plans to vend its assets into new ASX hopeful Cobold Metals. Everest Metals has made a strategic move it believes will supercharge its uranium aspirations in a decision to vend its assets related to the element into an upcoming IPO for Cobold Metals.

While Everest, headed by mining veteran Mark Caruso, will continue its gold and critical mineral pursuits, it will retain a 22.8 per cent interest in Cobold following the IPO. The new company is aiming to be listed on the ASX later this year.

On the back of a recent uranium boom, Everest has inked a term sheet to acquire 100 per cent of the Mukinbudin uranium project (MUP) in Western Australia’s Eastern Wheatbelt from private miner Crucible Resources. It plans to spin out the project into Cobold, in addition to its existing Amadeus […]

Click here to view original web page at thewest.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.