Atrum Coal Advances Legal Battle and Asset Sale
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Atrum Coal Advances Legal Battle and Asset Sale

Atrum Coal Ltd (AU:ATU) has released an update.

Atrum Coal Ltd is advancing its legal claim against the Government of Alberta over alleged expropriation of coal leases, with a trial set for April 2025. Meanwhile, the company has struck a deal to sell its Canadian subsidiaries to Panorama Resources, potentially receiving up to AU$1.55 million contingent on certain conditions. Atrum remains debt-free with a cash reserve of A$1.431 million as of September 2024.

For further insights into AU:ATU stock, check out TipRanks’ Stock Analysis page.

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