Technology Minerals PLC (GB:TM1) has released an update.
Technology Minerals PLC has announced the sale of its subsidiary LRH Resources Limited, which holds the Leinster Lithium Project in Ireland, to European Lithium for $10 million in shares. The transaction is contingent on due diligence and the shares are to be held in escrow until 2025, while Technology Minerals retains its interests in a separate Spanish project. This strategic move is seen as a validation of the company’s approach to developing early-stage projects for increased shareholder value.
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