letter of intent to acquire

LONDON: Atlas Metals has signed a non-binding letter of intent to acquire Universal Pozzolanic Silica Alumina Ltd (UPSA), a privately held U.K.-based company with significant mineral reserves in Australia, the company announced Tuesday. The proposed share-for-share deal would give Atlas access to UPSA’s pozzolanic silica alumina (PSA) reserves, valued at £10 per ton. UPSA holds…