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Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.044 -0.004 (-8.33%)+
Announcement
Release
15 Jun 2026 10:01AM
Price at Release
$0.048
Full Release
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Summary
Patronus Resources Limited has entered a binding agreement to sell its uranium exploration rights in the Pine Creek region of the Northern Territory to Greenvale Energy Limited. In exchange, Patronus will receive a 19.6% shareholding in Greenvale, valued at approximately AUD 5.5 million, and a right to nominate a board member. The transaction aims to shift uranium exploration impetus to Greenvale while allowing Patronus to focus on gold and base metal interests. Conditions for the transaction's completion include shareholder approvals and legal due diligence.
Key Points
  • Patronus to sell uranium exploration rights to Greenvale Energy.
  • Patronus receives 19.6% shareholding in Greenvale.
  • Transaction valued at approximately AUD 5.5 million.
  • Board representation rights for Patronus.
  • Focus shift to gold and base metal interests for Patronus.
  • Completion subject to conditions like shareholder approvals.
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.