Cradle Resources to acquire Volt Geothermal and Within Energy

Cradle Resources Limited has entered into a binding agreement to acquire 84% of the issued shares in Volt Geothermal Pty Ltd and Within Energy Pty Ltd, marking its transition into the renewable energy sector. The consideration is 220,360,329 Cradle shares, and the company plans a $6 million capital raise to fund the projects.

“Cradle Resources Limited ('Cradle' or the 'Company') has entered into a binding agreement to acquire Volt Geothermal Pty Ltd ('Volt') and Within Energy Pty Ltd ('Within'), with geothermal assets in Queensland and South Australia (the Projects).”

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