Mawson Resources Issues Strategic Update: Spin-Out of Uranium Assets and Share Consolidation

Mawson Resources Provides Strategic Update

Mawson Resources ( $TSE:MAW ) has issued an update regarding its uranium assets, which will be spun off into a separate entity called SUA Holdings Limited. This move allows existing shareholders to gain direct exposure to SUA, which plans to become a reporting issuer in Canada but does not intend to list on any stock exchange immediately.

Key Highlights

• Mawson Gold Limited is implementing a share consolidation, reducing the number of outstanding shares to streamline its capital structure.
• The company is also planning a corporate name change.
• SUA Holdings Limited will be a separate entity with its own reporting issuer status in Canada.

About Mawson Resources

Mawson Resources is a mining industry company focused on gold exploration and development. It is listed on various exchanges, including the TSX Venture Exchange, Frankfurt, and Pinksheets.