Terra Uranium moves into base metals with acquisition of high-grade tin-silver-gold projects in NSW

Terra Uranium will take ownership of two high-grade exploration licences in the New England region of New South Wales via its proposed acquisition of private company LCT Metals. The licences house the historic Ottery tin mine, the Castle Rag silver project and the Mole River silver-tin project and will enable Terra to expand its exploration strategy beyond uranium for the first time. The company will retain its projects in Canada’s Athabasca Basin, which have been hailed as integral to taking advantage of an anticipated recovery in uranium prices. Expanded strategy Executive chair Andrew Vigar said the acquisition signified a turning point for Terra. “Terra’s exploration strategy has now been expanded from just uranium to tin, silver and gold in Australia,” he said. “While we will retain our valuable Canadian uranium assets, we have taken the option to make an acquisition in the prolific New England tin-silver-antimony-gold province.” “It is […]

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