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Anax Metals Limited ( (AU:ANX) ) has shared an announcement.
Anax Metals Limited has withdrawn its notice of arbitration concerning a disagreement with a cornerstone investor over a marketing agreement for commodities produced from its projects. Despite the lack of an agreement, no default has occurred on the convertible note, and both parties have agreed to delay any redemption or conversion until just before its maturity in November 2026.
More about Anax Metals Limited
Anax Metals Limited operates in the mining industry, focusing on the production and marketing of commodities. The company is involved in projects that produce various commodities and has engaged in agreements related to convertible notes and exclusive marketing rights.
YTD Price Performance: -16.67%
Average Trading Volume: 51,702,790
Technical Sentiment Signal: Sell
Current Market Cap: A$5.3M
For detailed information about ANX stock, go to TipRanks’ Stock Analysis page.