SYDNEY, AUSTRALIA: Kin Mining NL and PNX Metals Limited have announced a merger that promises to reshape the junior resource landscape on the ASX. In a joint statement released today, Kin Mining NL (ASX: KIN) and PNX Metals Limited (ASX: PNX) declared they have signed a binding scheme implementation deed. This agreement sets the stage…
Tag: PNX Metals
PNX Metals to divest Moline Project for up to $3 million
SYDNEY, AUSTRALIA: PNX Metals Limited (ASX: PNX) has agreed to divest the Moline project in the Northern Territory to Sovereign Metallurgical Pty Ltd for a total consideration of up to $3.0 million, plus refund the existing tenement bond of approximately $300,000. The Moline project is located approximately 65km east of the Company’s Fountain Head and…