Astron Corporation Joint Venture Announcement

Astron Corporation Limited (ASX:ATR) is pleased to announce that Energy Fuels Inc. has received written confirmation from the Foreign Investment Review Board (FIRB) that the Australian Commonwealth Government has no objection to its entry into the Joint Venture Agreement with Astron Corporation for the development of the Donald Rare Earths and Mineral Sands Project (Donald Project) located in the Wimmera region of Western Victoria. This confirmation signifies the satisfaction of all material conditions precedent to the Joint Venture Agreement becoming effective.

Executive Commentary on Joint Venture Approval

This announcement marks a significant milestone for Astron Corporation and Energy Fuels Inc. as it paves the way for the development of the Donald Rare Earths and Mineral Sands Project. The receipt of written confirmation from the FIRB demonstrates the support and approval of the Australian Commonwealth Government, further solidifying the Joint Venture Agreement. We are excited about the potential of the Donald Project to become a major global supplier of critical rare earth elements and minerals, and we look forward to progressing the development in collaboration with Energy Fuels Inc.

Summary of Astron Corporation's Joint Venture Approval

Astron Corporation Limited (ASX:ATR) has successfully achieved a crucial milestone with the approval of the Joint Venture Agreement for the development of the Donald Rare Earths and Mineral Sands Project. The confirmation from the FIRB and the Australian Commonwealth Government's support signify a positive outlook for the project's future. The Donald Project holds substantial potential to emerge as a significant global supplier of critical rare earth elements and minerals, contributing to Astron's strategic focus on long-term development. The company remains committed to advancing the project in partnership with Energy Fuels Inc., aiming to capitalize on the extensive Mineral Resources and drive value for stakeholders.