Central Asia Metals Sells Copper Bay Stake to Guardian Metals

Central Asia Metals ( (GB:CAML) ) has provided an announcement.

Central Asia Metals has completed the sale of its 76.1% stake in Copper Bay Ltd to Guardian Metals PLC, including the acquisition of the remaining minority shares. The deal, valued at $7.5 million, is structured in deferred payments tied to copper production milestones. This transaction allows CAML to potentially realize additional value for its shareholders, as the Copper Bay project is set on a path for future development under new ownership.

More about Central Asia Metals

Central Asia Metals, an AIM-quoted UK company based in London, operates in the mining industry, focusing on the production and exploration of base metals. The company owns the Kounrad SX-EW copper project in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. Additionally, it has interests in early-stage exploration opportunities in Kazakhstan and base metals development in Scotland.

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Technical Sentiment Signal: Strong Buy

Current Market Cap: £268.9M

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