ASX-listed Global Uranium and Enrichment has announced the sale of its Enmore gold project in New South Wales, Australia, aligning with its strategic goal of concentrating on its North American uranium portfolio.
The company has agreed to sell the project to fellow-listed Koonenberry Gold in exchange for 35 million shares. By retaining an equity stake in Koonenberry, Global Uranium positions itself to benefit from the ongoing development of both the Enmore project and Koonenberry’s broader asset portfolio.
“This deal not only creates value for both parties but also allows Global Uranium to maintain a strategic focus on advancing our core uranium assets in North America, which have seen significant and rapid progress over the past year,” said Managing Director Andrew Ferrier.
In addition to Enmore, Koonenberry also acquired the Lachlan project from Gilmore Metals, further expanding its foothold in New South Wales.
These acquisitions transform Koonenberry into a prominent explorer in the region, boasting one of the most substantial portfolios in the state, with land holdings totaling 4,410 km².
