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Havilah Resources to spin out its uranium assets

Havilah Resources to spin out its uranium assets

Havilah Resources Ltd (ASX:HAV)'s Chris Giles says they're planning to gain maximum benefit from its uranium assets in South Australia’s Frome Basin uranium province through a proposed IPO of wholly-owned subsidiary NU Energy Resources Pty Ltd. The spin-off coincides with strong uranium market fundamentals supporting increased demand and stronger prices.