Alligator Energy (ASX:AGE) has announced that DevEx Resources (ASX:DEV) has completed its acquisition of Alligator’s uranium tenement package in the Alligator Rivers Uranium Province (ARUP), Northern Territory, in accordance with the binding agreement announced on 1 December 2025.
Following the completion of the acquisition, DevEx now holds approximately 9,200km² of contiguous uranium tenure surrounding the historical Nabarlek Uranium Mine, making it the largest landholding in the ARUP.
Of the remaining $7.4 million consideration, $1.75 million has been placed into an escrow account while DevEx awaits the restatement of the exploration access agreement for EL 24921 and EL 24922, part of the Tin Camp Creek tenements.
An additional $170,000 has been removed from the total consideration to be applied towards security obligations under the existing agreements.
The balance of $5.48 million will be paid to Alligator Energy.
Discussions are underway with the Northern Land Council and Traditional Owners to renew the exploration access agreement for the tenements, with Alligator and DevEx expecting the process to be completed during 2026. The current exploration access agreement is due to expire in May 2027.
Alligator Energy is an Australian exploration company focused on uranium and energy-related minerals.
Write to Amy Rotman at Mining.com.au
Images: Alligator Energy
