6th May 2022 11:53
Technology Minerals PLC - London-based company focused on creating a circular economy for battery metals - Signs agreement for the proposed sale of a 10% stake in its Blackbird Creek and Emperium cobalt and copper projects to Bluebird Metals LLC for GBP900,000 in cash. The projects are located in Idaho, US. Says the agreement is legally binding in "certain material respects."
"The proposed sale of a minority interest in our US projects is in line with our group strategy to progressively deliver value from our portfolio of junior mining assets. The Blackbird Creek and Emperium projects form part of our exploration strategy to advance assets up the value chain with the aim of creating additional value in the company for our shareholders," Chief Executive Alex Stanbury says.
Current stock price: 3.13 pence, up 4.4% on Friday
12-month change: down 3.7%
By Abby Amoakuh; [email protected]
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