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Asiamet Wins Strong Shareholder Backing for Indokal Sale to Norin Mining

Story Highlights
  • Asiamet shareholders overwhelmingly approved all resolutions at the 29 January general meeting.
  • The vote supports progressing the sale of Indokal, owner of the KSK and BKM copper projects, to Norin Mining.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Asiamet Wins Strong Shareholder Backing for Indokal Sale to Norin Mining

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Asiamet Resources ( (GB:ARS) ) has shared an announcement.

Asiamet Resources shareholders have overwhelmingly approved all resolutions put forward at a general meeting held on 29 January 2026, with votes of approximately 99.98% in favour on each resolution. The strong backing clears an important corporate hurdle for the proposed sale of Indokal Limited, which holds a 100% indirect interest in the KSK Project and BKM Copper Project, to Norin Mining (Hong Kong) Limited, and the board has pledged to provide regular updates as this transaction progresses, a move that could reshape the company’s project portfolio and strategic focus.

The most recent analyst rating on (GB:ARS) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Asiamet Resources stock, see the GB:ARS Stock Forecast page.

Spark’s Take on GB:ARS Stock

According to Spark, TipRanks’ AI Analyst, GB:ARS is a Neutral.

The score is held down primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn with a shrinking equity base). Technicals are a key offset, showing an improving uptrend and positive momentum. Valuation remains constrained by negative earnings and the absence of a dividend yield.

To see Spark’s full report on GB:ARS stock, click here.

More about Asiamet Resources

Asiamet Resources Limited (AIM: ARS) is a mining and exploration company focused on copper projects, notably the KSK Contract of Work and associated BKM Copper Project held through its subsidiary Indokal Limited, positioning the group within the base metals sector with assets in development in Asia.

Average Trading Volume: 5,719,178

Technical Sentiment Signal: Buy

Current Market Cap: £58.54M

For detailed information about ARS stock, go to TipRanks’ Stock Analysis page.

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