Uranium explorer, Raisama (ASX: RAI) and China’s Hebei Mining Resources Ltd have signed a strategic alliance to identify and potentially fund projects of mutual interest to the two groups.
Raisama managing director, David Berrie signed the alliance deal at a ceremony in Shijiazhuang, the capital of Hebei province, the sixth largest economy in People’s Republic of China yesterday.
He said Raisama will gain immediate access to the rapidly developing uranium market in China and across the world - backed by its largest shareholder.
Hebei Mining is Raisama Ltd’s largest shareholder with a 10.9% equity holding.
The alliance will look at funding of Raisama's projects, as well as the provision of technical support in relation to exploration.
Raisama’s uranium assets in Australia include five projects in Western Australia and one project in South Australia.
Raisama’s portfolio includes the 100% owned Sunday Creek Project, located within the uranium prospective Paterson Orogen of Western Australia.
It is located approximately 20km east of the Kintyre uranium deposit, sold by Rio Tinto to Canada's Cameco and Japan's Mitsubishi for US$500 million in 2008.
In the Kyrgyz Republic Raisama owns 75% of the Kashkasu II Project.
http://www.proactiveinvestors.com.au/companies/news/6296/raisama-ltd-and-hebei-mining-resources-ink-strategic-uranium-alliance-6296.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment