Pearl Gull Iron Targets Focuses on Rare Earth Project in Chile

Pearl Gull Iron Ltd (AU:PLG) has released an update.

Pearl Gull Iron Ltd has announced a strategic acquisition of Huemul Holdings, allowing it to acquire up to an 80% interest in NeoRe SpA’s La Marigen Project, a highly forward-looking area for Ionic Adsorption Clay Rare Earth Elements in Chile. The project covers approximately 22,800 hectares and is located in an underdeveloped belt known for its high-quality rare earth elements. The company intends to leverage this acquisition to enhance its asset portfolio and provide new opportunities for shareholders, while continuing to value its existing Cockatoo Island Project.

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