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Adavale Executes $1.2m Uranium Portfolio Sale to Refocus on Parkes Gold-Copper Project
8:20am on Friday 14th of August, 2026 AEST
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Mining
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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
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