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An announcement from Great Divide Mining Ltd ( (AU:GDM) ) is now available.
Great Divide Mining Ltd has resolved its dispute with Adelong Gold Limited regarding its 51% interest in Challenger Mines Pty Ltd. The resolution includes changes to the Share Sale and Purchase Agreement, such as the exclusion of a buy-back option for Consideration Shares and the introduction of a right of first offer for GDM if ADG decides to sell these shares. Additionally, new tax indemnity provisions and the execution of the Voluntary Escrow Deed and Minerals Royalty Deed have been finalized. The completion of these transactions is expected by early 2026, impacting the company’s operational and strategic positioning.
More about Great Divide Mining Ltd
Great Divide Mining Limited is an Australian explorer focused on gold, antimony, and critical metals, operating across four projects and eleven tenements in Queensland. The company’s strategy centers on developing assets in historically mined areas with existing infrastructure, enabling rapid project advancement and cost efficiency. Its key projects include Yellow Jack, Coonambula, Devils Mountain, and Cape, which are focused on gold, antimony, and copper.
Average Trading Volume: 31,227
Technical Sentiment Signal: Sell
Current Market Cap: A$14M
For detailed information about GDM stock, go to TipRanks’ Stock Analysis page.