07 August 2024
07 August 2024
Gold is considered a politically dexterous metal, meaning its price cannot altered by banks or governments.
Under the agreement, Miata has agreed to issue nine million shares to 79North shareholders.
The company executed a share acquisition agreement to acquire the projects from NMHA.
The retention of the coal and carbon steel materials business is expected to fund opportunities in Glencore’s transition metals portfolio.
The latest agreement replaces a binding term sheet signed between the parties in July 2024.
Power Minerals’ initial sampling programme at the Lítio Project confirmed the presence of a niobium-tantalum-rare earth elements (REEs) pegmatite intrusion.
The project has transitioned from the Economic Evaluation Phase to the Exploitation Phase.
The deal provides Reyna Silver with a two-stage option to earn complete ownership of the project.
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