Astron Corporation's update on Donald Project Joint Venture

Astron Corporation Limited (ASX: $ATR) has provided an update on the progress of its joint venture with Energy Fuels Resources (USA) Inc. for the development of the Donald Rare Earths and Mineral Sands Project in Victoria, Australia. Energy Fuels has been conducting comprehensive due diligence on the project's information and has reported positive progress in its technical and commercial investigations. The exclusivity period for the joint venture has been extended to 31 March 2024.

Executive Commentary on Donald Project Joint Venture

The parties involved in the joint venture are pleased with the progress of the due diligence investigations conducted by Energy Fuels. We are committed to working closely with Energy Fuels to finalize the definitive terms and move forward with the development of the Donald Rare Earths and Mineral Sands Project. The extension of the exclusivity period demonstrates the mutual dedication to ensuring thorough assessments before formalizing the joint venture.

Summary of Astron Corporation's Announcement

Astron Corporation Limited (ASX: $ATR) has provided an update on the joint venture with Energy Fuels Resources (USA) Inc. for the Donald Rare Earths and Mineral Sands Project. Energy Fuels' due diligence investigations are progressing well, and no areas of concern have been identified. The extension of the exclusivity period indicates the commitment of both parties to the successful development of the project. The Donald Project has the potential to become a significant global supplier of critical rare earth elements and minerals, and Astron remains focused on its long-term development. The company's involvement in mineral sands processing, downstream product development, and trading operations further strengthens its position in the industry.