Astron (ASX:ATR) has extended the exclusivity period to June 3 for the negotiation of a definitive joint venture agreement with Energy Fuels Resources pursuant to a previously signed non-binding memorandum of understanding.
The joint venture agreement is aimed at jointly developing the Donald Rare Earths and Mineral Sands project, according to a Friday filing with the Australian bourse.
Negotiations are largely concluded, pending some final issues, with the documentation process already in its last stages, the filing added.
Astron's shares were up nearly 11% in recent trade.
Price (AUD): $0.61, Change: $+0.06, Percent Change: +10.91%
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