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The primary reason why Metals Australia has turned away from uranium is down to a fundamental change of direction towards lithium exploration.
“The Board of Metals Australia consider that the sale of the Mile 72 uranium project is in line with the change in the company’s strategy to position itself to become a developer of key commodities for the growing lithium-ion battery and energy storage markets,” said Mr Gino D’Anna, director of Metals Australia."
MLS Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
