Orpheus Uranium Sells 80% Stake in Western Australia JV for AU$150,000

MT Newswires Live
2024-12-24

Orpheus Uranium (ASX:ORP) sold its 80% stake in the Higginsville joint venture in Western Australia to its minority partner Loded Dog Prospecting (LDP) for AU$150,000, according to a Tuesday filing with the Australian bourse.

The sale gives LDP 100% ownership of the joint venture, the filing said.

Orpheus will use the proceeds to fund exploration activities in South Australia and the Northern Territory, aligning with its uranium-focused strategy, the filing added.

Shares of the company fell past 5% at market close Tuesday.

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