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Cradle Resources Limited ( (AU:EE1) ) has provided an announcement.
Earth’s Energy Limited has disclosed that certain minority shareholders in its geothermal joint venture have issued a Notice of Dispute alleging breaches of the joint venture agreement relating to the management and financing of the project. The company rejects the allegations and will follow the agreement’s structured dispute resolution process, including senior-level discussions and potential arbitration, while continuing to meet its obligations and stating that it does not currently expect any material impact on operations or previously issued guidance, though it has committed to updating the market on any significant developments.
More about Cradle Resources Limited
Earth’s Energy Limited (ASX: EE1) is an Australian company focused on geothermal energy assets, operating through joint venture arrangements to develop and manage its renewable energy projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.25M
For an in-depth examination of EE1 stock, go to TipRanks’ Overview page.