The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

MTM Acquires Flash Metals

by January 12, 2024
January 12, 2024
MTM Acquires Flash Metals

MTM (ASX:MTM) to acquire 100% of Flash Metals Pty Ltd, owner of three exploration licences in Western Australia’s West Arunta region, immediately adjacent to ground held by WA1 Resources (ASX:WA1).

DEAL OVERVIEW

MTM has agreed to pay Flash:

A non-refundable $10,000 fee (which has previously been paid).*100 million fully paid ordinary shares of MTM and 50 million MTMO quoted options;*37m performance rights and 15m unquoted options with an exercise price of $0.25 and an expiry date of 30 December 2026 vesting equally across 3 milestones:Drilling results of >10m at > 1,000ppm total rare earth oxide (“TREO”) and/or>0.5% Nb2O5;JORC inferred resource of > 10MT at > 1,000ppm TREO and/or >0.5% Nb2O5JORC inferred resource of >20MT at > 1,000 ppm TREO and/or >0.5% Nb2O5

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Tama Atacama Lithium Project – Exploration Concessions Granted
next post
What kind of weapons are the US and UK using to strike Yemen’s Houthis?

You may also like

Nuclear Fuels Mourns the Passing of Independent Director...

Trident Royalties PLC Announces Paradox Lithium LG Offtake...

What is De-Dollarization and is it Good or...

Byron King: Will Gold Miners’ Q2 Results Catch...

Cardiol Therapeutics Announces All Collaborating Clinical Research Centers...

$2.85m Placement in Conjunction with 815Koz AuEq Acquisition

NextSource Materials Bolsters Top Management Team for Next...

First Helium Licenses Second of Two Wells Targeting...

Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca...

5 Best-performing Canadian Pharma Stocks (Updated January 2025)

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Sycamore Gap: Two men convicted of felling one of UK’s most famous...

    • Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    • Ellen Miles is planting seeds of hope through guerrilla gardening

    • US Policy Momentum, Clinical Progress Fueling Psychedelics Market in 2025

    • China has spent billions developing military tech. Conflict between India and Pakistan could be its first major test

    Categories

    • Business (1,633)
    • Investing (4,791)
    • Politics (7,535)
    • World (6,128)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top