Cradle Resources Limited (ASX:CXX) entered into a binding agreement to acquire 84% stake in Volt Geothermal Pty Ltd and Within Energy Pty Ltd on July 7, 2023. Cradle Resources Limited will pay the consideration by issuing 220,360,329 shares. Cradle Resources Limited will appoint Matthew Kay as managing director. Cradle have the right to acquire remaining shares at any time from the third anniversary of Completion. The transaction is expected to complete by the end of December 2023.

Cradle Resources Limited (ASX:CXX) completed the acquisition of 84% stake in Volt Geothermal Pty Ltd and Within Energy Pty Ltd on December 29, 2023.