Arrow Minerals Limited (AU:AMD) has released an update.
Arrow Minerals Limited has announced its strategic expansion in the bulk commodity market through an agreement to acquire the advanced-stage Niagara Bauxite Project in Guinea, which is expected to have significant scale potential and operating synergies with Arrow’s existing projects. The acquisition, structured as an option agreement with an option fee payable in cash and shares, positions the company to capitalize on the strong market outlook for bauxite. Arrow aims to enhance shareholder value by focusing on resource drilling and development pathways, with the nearby Simandou railway enhancing the project’s logistical prospects.
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