The proposal is to be presented to its shareholders for clearance at the upcoming annual general and special meeting.
Lithium Royalty has secured a royalty interest from Power Metals. Credit: Novikov Aleksey/Shutterstock.com.
With the permit, Sun River can now transport the produce from the mine to a processing plant.
The offer from Silver Lake was said to be a 28% premium compared with the one offered by Genesis.
Spanning nearly 129km², the project is expected to have high concentration of lithium in claystones and brines.
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Fidelity Gold Refinery (FGR), a subsidiary of the Reserve Bank of Zimbabwe, will continue to process the mine’s unrefined gold.
Recharge Metals has raised A$3m ($1.99m) from its investors in order to buy the project.
The consideration includes two million Metal Hawk shares and two million options.
Ramelius aims to consolidate Breaker’s Lake Roe Gold Project with its Lake Rebecca Gold Project.
The sale of Trident Steel has eliminated Aveng’s legacy debt of R3.3bn ($179m).