Australian Rare Earths announced its acquisition of Valrico Resources, granting access to the Overland Uranium Project in the North-Western Murray Basin, South Australia.

Covering 1,981km2, this project explores paleochannel sediments potentially harboring a new uranium province.

Australian Rare Earths aims to enhance its role in addressing global energy transition demands.

The company plans stakeholder engagements and preparatory exploration, anticipating substantial progress in Australian uranium and rare earth element exploration.