On 6 April 2016 the Company announced a proposal that involved the demerger of Samphire Uranium Limited (‘SUL’) as a separate standalone unlisted public company. SUL is now the owner of the Samphire Project Uranium Assets.
Approval of the demerger now sees UraniumSA shareholders owning shares in both it and SUL pro-rata to their holding in UraniumSA as at 27 June 2016.
UraniumSA has for many quarters indicated that it was seeking and evaluating other opportunities in the energy and wider resources sector. This process continues and has been extended to businesses outside the resources sector.
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