Everest Metals Advances Uranium Strategy with Cobold Deal

Everest Metals Corporation Limited (AU:EMC) has released an update.

Everest Metals Corporation Limited (EMC) has strategically acquired the Mukinbudin Uranium Project in Western Australia and will be transferring ownership to Cobold Metals Ltd, which is set for an ASX listing in late 2024. EMC is set to retain a sizable 22.8% stake in the newly listed entity, with an implied value of $2.6 million, ensuring continued exposure to the uranium sector, which is anticipated to see increasing demand for clean, zero-emission nuclear energy. The deal aligns with EMC’s focus on gold and critical minerals while leveraging Cobold’s experienced team to advance uranium projects in top-tier mining jurisdictions.

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