Mawson Gold Plans Spin-Out of Swedish Uranium Assets and Announces Shareholder Meeting Date

Mawson Gold Limited (TSXV: MAW) has entered into an arrangement agreement with SUA Holdings Ltd. to spin out its Swedish uranium assets. Under this agreement, Mawson shareholders will receive shares in SUA on a pro rata basis, and SUA will no longer be a subsidiary of Mawson.

Mawson has provided SUA with $600,000 for working capital. The arrangement requires a 66.67% shareholder vote at the annual meeting on November 7, 2024, and approvals from the TSXV and British Columbia courts.

This arrangement is part of a broader scheme to acquire Southern Cross Gold Ltd. Mawson will consolidate its shares and dual-list with the Australian Securities Exchange.

SUA, as a private reporting issuer, will hold significant uranium resources in Sweden, including 22.7Mlb U3O8 across several exploration licenses. Sweden's government is reconsidering its uranium mining moratorium, adding potential value to these assets.