PTN.ASX: Pine Creek Uranium Project - Acquisition Update

Pine Creek Uranium Project - Acquisition Update

Stock	Patronus Resources Ltd (PTN.ASX)
Release Time	21 Aug 2026, 5:33 p.m.
Price Sensitive	Yes

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Greenvale Energy Update on Pine Creek Uranium Project Acquisition

Key Points

Greenvale and Patronus have amended the timetable for the acquisition.
Certain conditions precedent have been satisfied.
Shareholder approval for Consideration Shares is required.
The acquisition is a key strategic priority for Greenvale.
Discussions on initial field activities at Pine Creek are ongoing.

Full Summary

Greenvale Energy Limited (ASX:GRV) provides an update on the proposed acquisition of the Pine Creek Uranium Project from Patronus Resources Limited (ASX:PTN). The acquisition, which remains a key strategic priority, involves amending the timetable for satisfying remaining conditions. Legal due diligence is complete, and the only remaining condition is shareholder approval for issuing Consideration Shares, scheduled for a meeting on 24 August 2026. The acquisition aims to establish a continuous uranium exploration footprint of approximately 2,500km² when combined with Greenvale's Douglas River Project. Discussions are ongoing for potential initial field activities at Pine Creek during the current field season.