Neometals to acquire 51% of Utah Brine Corporation for up to USD 2 million funding commitment

Reuters

03/20

Neometals to acquire 51% of Utah Brine Corporation for up to USD 2 million funding commitment

Neometals agreed to acquire and maintain a 51% stake in Utah Brine Corporation by funding up to USD 2 million of project costs over three years.
Omaha Value will retain 49% and will fund a USD 1.9 million payment to American Helium and Ascent Resources, due after receipt of approvals for commercial lithium and/or potash production.
Utah Brine Corporation has an exclusive access and use licence over 24 existing wells and related infrastructure in Utah’s Paradox Basin for brine sampling and test work.
Neometals will issue Omaha Value 3 million unlisted options exercisable at AUD 0.10 per share.
Additional unlisted options will be issued to American Helium and Ascent Resources totaling 10 million, each exercisable at AUD 0.10 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neometals Ltd. published the original content used to generate this news brief on March 20, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/NMTAF\">Neometals Ltd.</a> published the original content used to generate this news brief on March 20, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260320:nNDL5274w6:1","article_id":"2620520140","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620520140","pubTimestamp":1773979274,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Neometals agreed to acquire and maintain a 51% stake in Utah Brine Corporation by funding up to USD 2 million of project costs over three years.Omaha Value will retain 49% and will fund a USD 1.9 million payment to American Helium and Ascent Resources, due after receipt of approvals for commercial lithium and/or potash production.Utah Brine Corporation has an exclusive access and use licence over 24 existing wells and related infrastructure in Utah’s Paradox Basin for brine sampling and test work.Neometals will issue Omaha Value 3 million unlisted options exercisable at AUD 0.10 per share.Additional unlisted options will be issued to American Helium and Ascent Resources totaling 10 million, each exercisable at AUD 0.10 per share.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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