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Vatic Ventures has announced a strategic acquisition in Namibia's premier uranium region. The company has entered into a share purchase agreement to acquire full ownership of a private company that holds rights to two significant uranium properties in the Erongo province.
The acquisition includes:
- Up to 80% interest in the ZOYA Property (EPL 8289), covering 44.62 km²
- Up to 90% interest in the GALORE Property (EPL 8735), spanning 87.65 km²
Both properties are strategically located within the renowned Alaskite Alley, a prime uranium-rich region. The deal is subject to TSX Venture Exchange approval.
Summary not available.