The acquisition restructures and simplifies Anatolia’s ownership of the incorporated joint venture company Anatolia Uranium wherein Anatolia currently owns a total of 52% stake.
Aldridge has also agreed to sell its remaining 6.4% stake in Anatolia, which has been partly acquired by Canadian investment company Sprott Asset Management and the remaining part by Anatolia managing director Jim Graham.
Graham said that the company had taken a significant step to simplify the corporate structure in the joint venture project with Vetter.
"This restructure has accelerated our timeline for potentially owning up to 100% of the joint venture in future.
"Equally pleasing is that the restructure has enabled us to welcome a new Canadian blue chip cornerstone investor, Sprott Asset Management, onto our share register who now holds 5.8% of the share capital and represents one of our top five shareholders," added Graham.
Subsequent to the restructuring, the partnership will continue to develop its key uranium project in Turkey.
