Hylea acquires Kayelekera

GRANT Davey has popped up at Hylea Metals, the microcap that’s acquiring a 65% stake in the Kayelekera uranium project in Malawi Paladin Energy spent the best part of a few hundred million on around the turn of the decade before shutting down due to the low price of yellowcake post-Fukushima.

Hylea acquires Kayelekera Hylea acquires Kayelekera Hylea acquires Kayelekera Hylea acquires Kayelekera Hylea acquires Kayelekera

Kayelekera, Malawi

Hylea will initially issue Paladin with A$1.8 million worth of shares and pay A$200,000 cash, with a further $3 million of Hylea paper due on the third anniversary.

It will also grant Paladin a 3.

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