Valor Resources has entered into a binding agreement with Firetail Resources to offload an 80 per cent interest in its Peruvian copper assets for an upfront cash payment of $750,000 and 15 million shares in the junior explorer. The raised funds will be used to accelerate Valor’s uranium hunt in Canada’s world-class Athabasca Basin at a time of rising uranium prices and surging investor interest. A landscape view of Valor Resources’ Peruvian project Credit: File
Valor Resources has entered into a binding agreement with ASX-listed Firetail Resources to offload an 80 per cent interest in its Peruvian copper assets for an upfront cash payment of $750,000 and a package of 15 million shares and 20 million performance rights in the junior explorer.
Interestingly, the share placement will earn Valor more than 20 per cent ownership of Firetail and will also give its executive chairman George Bauk a seat at Firetail’s […]
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