Poseidon Nickel announces strategic divestment of Lake Johnston Project
SYDNEY, AUSTRALIA: Poseidon Nickel Limited (ASX: POS) has entered into a Binding Heads of Agreement for the sale of its Lake Johnston Project to Mineral Resources Limited (MRL). The agreement, which is subject to certain conditions precedent, outlines a total cash consideration of $15 million for Poseidon. The terms of the proposed sale include an…