InvestSMART

Mandrake Resources Limited (ASX:MAN)

ALERT: Price-sensitive ASX Announcement for MAN
Current share price for MAN : $0.021 -0.002 (-8.70%)+
Announcement
Release
8 Dec 2025 8:31AM
Price at Release
$0.023
Full Release
download
Summary
Mandrake Resources Limited has executed a binding agreement with DISA Technologies Inc. to recover uranium and other critical minerals from mine waste dumps in Mandrake's Utah Project. The agreement involves deploying DISA's High Pressure Slurry Ablation technology to treat waste dumps, with Mandrake receiving a gross revenue share of 2.5% to 4% based on metal prices. Mandrake also has an option to purchase a 25% interest in DISA's Utah operations. The initiative is supported by a U.S. Department of the Interior order to enhance domestic mineral recovery. DISA will operate and fund all costs related to the project.
Key Points
  • Binding agreement signed with DISA Technologies Inc.
  • Recovery of uranium and critical minerals from mine waste.
  • Use of DISA's High Pressure Slurry Ablation technology.
  • Mandrake to receive 2.5% to 4% gross revenue share.
  • Mandrake's option to acquire 25% interest in DISA operations.
  • Project supported by U.S. Department of the Interior.
  • DISA to manage and fund project operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.