Tombador Iron completed the acquisition of GoviEx Uranium for AUD72.5m.

Tombador Iron, an Australian publicly listed company that owns 100% of the Tombador high grade iron ore project in Bahia State, Brazil, completed the acquisition of GoviEx Uranium, a mineral resource company, for AUD72.5m. "This is a transformational transaction for GoviEx: it brings an Australian public listing, a new capital structure, a refreshed board, new substantial shareholders, a cornerstone investor with recent uranium development experience and a strengthened balance sheet. Our Combined Company, to be named Atomic Eagle Ltd, will lead the development of the Muntanga Project, situated in one of the largest and most under explored sandstone hosted uranium basins in the world, with considerable exploration potential. We are excited to move forward with unlocking its full potential," Govind Friedland, GoviEx Executive Chairman.