Peninsula Energy Ltd. (ASX:PEN) announced that it has agreed to pay $50 million for ARSA’s uranium and molybdenum assets in South Africa’s Karoo Basin.
As quoted in the press release:
Peninsula will acquire a 74% interest in 36 prospecting rights covering 5,600 km² of the main uranium-molybdenum bearing sandstone channels in the Karoo Basin (ARSA Projects).
The ARSA projects comprise several large areas of mineralisation; one of which extends over a distance of approximately 80km and forms the largest single body of known uranium-molybdenum mineralisation in the Karoo Basin.
“Why Uranium Is Planet Earth’s Ultimate Source Of Green Energy”
Discover why Bill Gates, Paul Allen and the founder of Greenpeace agree that Uranium is the #1 energy resource to invest in right now.