SYDNY: New Frontier Minerals (ASX: NFM) has agreed to sell its wholly owned subsidiary, BHA No. 1 Pty Ltd, which holds the Broken Hill East Project, to Impact Minerals Limited (ASX: IPT). The deal, valued at $275,000, will see NFM receive IPT shares based on a 14-day VWAP of $0.0073 per share as of 7…
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Impact Minerals to divest Commonwealth Project in New South Wales
SYDNEY: Impact Minerals Limited (ASX:IPT) has officially signed a share sale and purchase agreement to divest up to 75% of its wholly-owned Commonwealth Project in New South Wales. The agreement follows the Revised Term Sheet announced on August 16th, 2023. Dr. Mike Jones, Managing Director of Impact Minerals, expressed the company’s strategic approach to holding…