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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
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