Jadar Resources: Acquires 80pc stake in Shaw River Project

Jadar Resources Acquires 80pc stake in Shaw River Project

• Jadar Resources (JDR) is set to acquire an 80 per cent interest in the Shaw River Project in WA
• The company enters an agreement with Calatos to acquire the interest and will pay $450,000 in cash and shares
• The Shaw River Project contains lithium, tin and tantalum pegmatites and is within 80 kilometres of three major lithium developments
• JadarResources says the project complements its existing lithium assets in Austria and is looking forward to beginning field exploration
• Company shares are trading steady at 3.4 cents at 1:02 pm AEST