Greenvale Energy (ASX:GRV) acquired a 100% interest in the Oasis uranium project in Queensland from Maverick Exploration, Remlain, and Mineral Intelligence for a consideration of AU$200,000 cash and the issue of 20 million Greenvale shares, according to a Monday Australian bourse filing.
Greenvale plans to conduct an exploration program at Oasis within the year, including geochemical testing of the entire Oasis shear and geochemical testing of eight priority coincident radiometric/structural anomalies.
Its shares rose 3% in recent trade on Monday.
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