Under the agreement, the unlisted Australian company will acquire the uranium interests for cash of $650,000 and the share will take shape within the next two years when the purchaser lists on the Australian Stock Exchange or other recognized Stock Exchange.

Thundelarra chairman Phil Crabb said, "Our primary focus is Allamber via our 100% interest. Rationalisation of our uranium interests through this transaction provides upside through equity along with a welcome cash injection."

The transaction is subject to shareholder or regulatory approvals.