Metal Hawk Limited (ASX:MHK) signed a binding agreement to acquire remaining 51% stake in Kanowna East, Emu Lake and Fraser South projects in Western Australia from IGO Limited (ASX:IGO) for AUD 0.26 million on May 4, 2023. The transaction will result in IGO's shareholding in Metal Hawk increasing from 5.4% to 8.2%. The payment for IGO's 51% interest in the Fraser South, Kanowna East and Emu Lake Projects consists of 2 million fully paid MHK shares and 2 million MHK options.