Antipa Minerals Limited (AU:AZY) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Antipa Minerals Ltd has announced the sale of its 32% stake in the Citadel Joint Venture Project to Rio Tinto for A$17 million in cash. This deal, set to complete by November 2024, will boost Antipa’s cash reserves to A$23 million, allowing the company to focus on advancing its wholly owned Minyari Dome Gold-Copper Project. The sale is expected to incur no tax liabilities, thanks to Antipa’s carried forward tax losses.
For further insights into AU:AZY stock, check out TipRanks’ Stock Analysis page.