Orpheus Uranium Extends Western Australia Project Acquisition Deadline

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Orpheus Uranium (ASX:ORP) has extended the deadline by 75 days to meet the conditions for its acquisition of the Oobagooma Uranium Project from Jackson Cage, a subsidiary of Elevate Uranium (ASX:EL8), to finalize key third-party agreements, according to a Thursday filing with the Australian bourse.

The conditions for completing the acquisition were initially required to be satisfied within 120 days of signing the sale agreement, being Feb. 11, per the filing.

The company will issue 20 million "upfront consideration shares" on completion, with shareholder approval already obtained at the 2025 annual general meeting (AGM), the filing said.

If the acquisition is completed three months after Feb. 27, the date of the AGM, the company will need to obtain fresh shareholder approval and, if required, will convene a general meeting to seek that approval, the filing said.

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