PVW Resources Limited (ASX:PVW) entered into a purchase agreement to acquire Highly Prospective New Rare Earth Project in WA's Gascoyne Province for AUD 0.66 million on February 14, 2023. On execution of the purchase agreement, the payment of AUD 0.04 million cash and the issue 1,578,189 PVW shares (subject to 6 month escrow) to the project vendors; on the earlier of the date of grant of the pending tenements and 6 months after execution of the purchase agreement, the issue to the project vendors of PVW shares to the value of AUD 0.2 million, a further issue to the project vendors of PVW shares to the value of AUD 0.2 million in the event PVW?s drilling activity at the project results in an intersection of at least 5 meters for 5,000 ppm TREO; and payment of an asset introduction fee of 550,000 PVW shares to CPS Capital Group Pty Ltd.

PVW Resources Limited (ASX:PVW) completed the acquisition of Highly Prospective New Rare Earth Project in WA's Gascoyne Province for AUD 0.62 million on February 17, 2023.