GBM finalises deal with Canada's Consolidated Uranium

Minerals explorer GBM Resources has finalised the sales agreement over the Brightlands Milo tenement, in Queensland.

The company in November last year struck an agreement with TSX-V listed Consolidated Uranium to sell the iron-ore/copper/gold/uranium/rare earth tenement for an initial C$500 000 cash payment and 750-million Consolidated Uranium shares.