5th Jun 2015 07:03
LONDON (Alliance News) - Tri-Star Resources PLC on Friday said it has reached a conditional agreement to sell certain intellectual property rights to Oman-based Strategic & Precious Metals Processing LLC for up to USD6 million.
Tri-Star said the rights being sold related to its clean antimony roasting and refractory gold clean roasting processes. The deal will be conditional on Strategic & Precious Metals reaching financial close on the Oman Antimony Roaster Project.
USD2 million will be payable on financial close of the project, with a further USD2 million due on the receipt of third-party reports on the commercial and technical viability of the clean roasting processes and another USD2 million on the commissioning of an antimony roasting plant at the project.
By Sam Unsted; [email protected]; @SamUAtAlliance
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