Greenvale Energy (ASX: GRV) Finalises Acquisition of Oasis Uranium Project in Queensland

Fri 02 May 25, 05:31 AM | Team Kalkine

Image source: Shutterstock

Highlights

Greenvale completes acquisition of 100% interest in Oasis Uranium Project.

Drilling at Oasis targeted to begin mid-May, weather and access permitting.

Exploration activity progressing across additional Northern Territory uranium projects.

Greenvale Energy Limited (ASX: GRV) has announced the formal completion of its acquisition of the Oasis Uranium Project in Queensland, following regulatory approval for the transfer of exploration permit EPM 27565. The company finalised a $200,000 cash payment and issued 20 million shares to vendors Maverick Exploration Pty Ltd, Remlain Pty Ltd, and Mineral Intelligence Pty Ltd.

The acquisition adds a uranium asset with historical high-grade mineralisation to Greenvale’s portfolio, which also includes the Douglas River, Henbury, Elkedra, and Tobermorey projects located in the Northern Territory. These assets are now part of a broader exploration program that is gaining momentum across both Queensland and the NT.

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