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Mawson Gold Ltd V.MAW

Alternate Symbol(s):  MWSNF

Mawson Gold Limited is a Canada-based Nordic exploration company. The Company is engaged in gold/uranium exploration. The Company holds the Skelleftea North gold discovery and a portfolio of historic uranium resources in Sweden. The Company owns or controls three high-grade, historic epizonal goldfields covering approximately 470 square kilometers (km2) in Victoria, Australia. Its Australian projects include Sunday Creek, Whroo and Redcastle. It has the right to earn in 85% of the Skelleftea North Gold Project, which consists of approximately 2,500 hectares (ha) of contiguous 100%-owned claims. The Company holds six exploration licenses, which cover over 16,138 ha. All these exploration licenses are granted and are located through central and northern Sweden to explore for zirconium, scandium, yttrium and lanthanum and other lanthanides (rare earths) (Euro Canna projects). The Euro Canna projects also host the majority of Sweden's conventional hardrock historic uranium resources.


TSXV:MAW - Post by User

Comment by Heywood_Silverson Jun 11, 2024 10:48am
102 Views
Post# 36082696

RE:RE:Proposed MAW acquisition to benefit all shareholders

RE:RE:Proposed MAW acquisition to benefit all shareholdersThe Swedish assets are of two different kinds:  the gold and the uranium properties. I understand that they will keep the gold with Mawson (aka Southern Cross) and spin out the uranium.  There is also the possibility that they sell the uranium assets and issue a special dividend to shareholders.  I would prefer keeping the shares as they are more of a lottery ticket for the future as opposed to getting a piddly amount of cash right now.  I can't imagine that we would get more than one or two cents a share if we sold off the rights to the uranimum properties.  But, who knows, uranium has been hot lately and maybe we get a good price?

The main positive point as you mentioned is that this buyout is cleaner, tax efficient and will parcel out the investment themes into gold and uranium.  The dual listing will absolutely help and since both SXG and MAW are already listed in Australia and Canada respectively, that should be a smooth process.

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