Havilah Resources to explore value of uranium assets in world-class Frome Basin, shares up 30%
The company is considering a capital raising via a Havilah-sponsored IPO where eligible shareholders would be offered priority share subscription rights. The company’s exploration licences north of the Barrier Highway are highly prospective for Tertiary palaeochannel-hosted uranium deposits.
Havilah Resources Ltd (ASX:HAV) (FRA:FWL) is focused on realising the latent value of its uranium assets in South Australia during the current period of positive sentiment towards the uranium sector in Australia and globally.
The company is exploring its options after the withdrawal of Aroha Resources Pty Ltd from a binding MOU for the exploration and potential development of Havilah’s uranium interests that was to be facilitated via an initial public offering (IPO) sponsored by Aroha.
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Havilah Resources Ltd signs MOU for exploration and potential development of its uranium interests proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.