middle.news

Adavale Executes $1.2m Uranium Portfolio Sale to Refocus on Parkes Gold-Copper Project

8:20am on Friday 14th of August, 2026 AEST Mining
Read Story

Adavale Executes $1.2m Uranium Portfolio Sale to Refocus on Parkes Gold-Copper Project

8:20am on Friday 14th of August, 2026 AEST
Key Points
  • Sale of seven uranium exploration licences for $650,000 cash plus 5 million Orpheus shares
  • Adavale retains 1.25% stake in Orpheus, maintaining uranium exposure
  • Funds earmarked to accelerate Parkes Project exploration and resource update
  • Completion contingent on Native Title agreements and regulatory approvals
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Adavale Resources (ASX:ADD)
OPEN ARTICLE