Under the terms of the agreement Blue Nightingale will offer a right of first refusal on any uranium projects in South Africa to the Brinkley Group.
In return, Brinkley Mining will issue 6-million fully paid ordinary shares to Blue Nightingale, subject to a 12-month lock-in arrangement.
Blue Nightingale is the Brinkley group’s joint, economic- empowerment partner over five prospecting applications in the Karoo region of South Africa and also is a 25% shareholder in Western Uranium, a subsidiary of Brinkley Mining.
Blue Nightingale has a management team with mining and commercial expertise and experience.
“We all view this as an important step in enhancing the company’s portfolio of uranium properties while working together with one of our partners Blue Nightingale,” said executive chairperson Gerard Holden.