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Koba Resources Limited ( (AU:KOB) ) has shared an update.
EV Resources Limited has announced the sale of its Khartoum Project in Queensland to Koba Resources Limited for $700,000 in cash and a 1% net smelter return royalty. This transaction is part of EVR’s strategy to streamline its portfolio, reduce non-core project expenditures, and focus on its antimony assets. The sale strengthens EVR’s cash position and allows the company to advance its US-focused critical minerals strategies, potentially impacting its operations and market positioning positively.
More about Koba Resources Limited
EV Resources Limited is a company focused on the exploration and development of mineral resources, with a particular emphasis on antimony and critical minerals. The company aims to streamline its portfolio and enhance its financial position to support its strategic growth in the antimony sector and develop relationships with key stakeholders such as the US Department of Defense.
Average Trading Volume: 224,336
Technical Sentiment Signal: Buy
Current Market Cap: A$12.32M
For detailed information about KOB stock, go to TipRanks’ Stock Analysis page.