- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Quantum Rare Earth Developments Corp. (TSXV:QRE) announced the finalized joint venture agreement with Florella Holdings Pty Limited for the Company’s Australian Jungle Well and Laverton properties.
As quoted in the press release:
Under the terms of an option agreement dated September 19, 2011 (the “Florella Option Agreement“) (see NR dated November 2, 2011 for full details), the Company granted Florella Holdings Pty Limited (“Florella“) the right to earn an 80% interest in the Australian Properties, upon completion of payment of cash and issuance of shares to Quantum. Florella has now assigned a portion of its interest to an unrelated third party Victory Mines Limited (“Victory“), an Australian company currently completing its Initial Public Offering (“IPO“) of shares on the Australian Stock Exchange (“ASE“). Victory is headquartered in Perth, Australia. The Company and its Australian subsidiary Northeast Minerals Pty Ltd. (“Northeast“) have entered into a comprehensive Joint Venture Agreement (the “JV Agreement“) and a Tenement Sale Agreement (the “Transfer Agreement“) with Victory, its subsidiary Victory Exploration Pty. Ltd. (“Victory Exploration“) and Florella regarding the Joint Venture (“JV“) of the Australian Properties.
Click here to read the Quantum Rare Earth Developments Corp. (TSXV:QRE) press release.
Click here to see the Quantum Rare Earth Developments Corp. (TSXV:QRE) profile
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.