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Arrow Minerals Limited ( (AU:AMD) ) has shared an announcement.
Arrow Minerals Limited has announced amendments to its Share Purchase Option Agreement for the Niagara Bauxite Project. The changes include deferring the first milestone payment until the project’s permit is renewed or granted, and making the second milestone payment conditional on this renewal. These amendments aim to secure the project’s future development and align with Arrow’s strategic interests in the region, potentially impacting its operational plans and stakeholder interests.
More about Arrow Minerals Limited
Arrow Minerals Limited is focused on creating value for shareholders through the discovery and development of mineral deposits into producing mines. The company is advancing two projects in Guinea, West Africa: the Niagara Bauxite Project and the Simandou North Iron Project, both strategically located near the Trans-Guinean Railway under construction.
Average Trading Volume: 1,052,565
Technical Sentiment Signal: Sell
Current Market Cap: A$17.08M
Learn more about AMD stock on TipRanks’ Stock Analysis page.