Tyranna has entered into a binding agreement to acquire Clean Power Resources, a mineral explorer that owns three granted tenements.
Tyranna Resources (ASX:TYX) has entered into a binding agreement to acquire Clean Power Resources.
As quoted in the press release:
Tyranna Director Joe Graziano said: “Entering into this transaction reflects the Board’s strategic decision to secure direct exposure to nickel at a time when the global demand-supply fundamentals are increasingly favourable.
“Our initial focus will be exploring the 36km strike that traverses the Dragon & Knight projects for nickel massive sulphide mineralisation as this delivers significant exploration upside.
“This is an exciting transformative move for Tyranna and the Board looks forward to keeping shareholders apprised of developments as they materialise.”