CuFe Ltd (ASX:CUF) entered into a binding agreement to acquire Exploration application E80/6052 in West Arunta Niobium province from Territory Prospecting Pty Ltd for AUD 0.08 million on July 17, 2024. The consideration consists of upfront cash component of AUD 0.01 million, issue of 1.56 million common equity of CuFe Ltd having a value of AUD 0.025 and a further cash payment of AUD 0.05 million upon the grant of the tenure or the execution of heritage agreement.