Balkan Mining and Minerals Ltd ( (AU:BMM) ) has shared an announcement.
Bayan Mining and Minerals Ltd announced that it will not proceed with the proposed licensing agreement for ‘Microwave Joule Heating Technology’ from Macquarie University. The decision follows the ASX’s classification of the transaction as a backdoor listing, which would require significant time and costs for compliance. The company has terminated the agreement, citing that the scale of the transaction does not justify the associated expenses and it would not be in the best interest of stakeholders.
More about Balkan Mining and Minerals Ltd
Bayan Mining and Minerals Ltd operates in the mineral exploration industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker BMM.
YTD Price Performance: -28.00%
Average Trading Volume: 684,361
Technical Sentiment Signal: Buy
Current Market Cap: A$3.46M
For an in-depth examination of BMM stock, go to TipRanks’ Stock Analysis page.