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The latest update is out from Lithium Plus Minerals Ltd. ( (AU:LPM) ).
Diatreme Resources Ltd has entered into a Share Sale Agreement with Moonlight Resources Limited to sell its shares in Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Project. As part of this agreement, Diatreme will receive shares and cash from Moonlight, while its shareholders are offered a priority offer to acquire shares in Moonlight’s IPO. This transaction allows Diatreme to focus on its core silica assets while retaining an interest in the future development of the Clermont Project.
More about Lithium Plus Minerals Ltd.
Diatreme Resources Ltd is a developer and explorer in the silica sands industry, focusing on the development of its extensive silica assets portfolio.
Average Trading Volume: 119,294
Technical Sentiment Signal: Buy
Current Market Cap: A$15.94M
See more insights into LPM stock on TipRanks’ Stock Analysis page.