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Tasman Resources ( (AU:TAS) ) has provided an update.
Eden Innovations Ltd is progressing with the sale of a 65-acre industrial property in Augusta, Georgia, for US$5 million. The anticipated settlement date is 25 August 2025, pending final permitting approval. The sale proceeds will be used to repay approximately 70% of an existing loan, significantly reducing the company’s debt and associated costs. The purchaser, JB2 Partners LLC, has shown strong commitment to the development, supported by local authorities, and is preparing for construction post-settlement.
More about Tasman Resources
YTD Price Performance: 6.67%
Average Trading Volume: 170,407
Technical Sentiment Signal: Sell
Current Market Cap: A$4.47M
Learn more about TAS stock on TipRanks’ Stock Analysis page.