Ironbark Zinc Ltd (AU:IBG) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Ironbark Zinc Ltd has announced the divestment of its Citronen Zn-Pb Project by selling its subsidiary, Ironbark A/S, to Almeera Ventures Limited for A$1.4 million. This strategic move is part of Ironbark’s plan to focus on gold and precious metal opportunities, using the proceeds to support exploration in its existing project portfolio. The transaction is set to conclude within four months, pending regulatory approvals.
For further insights into AU:IBG stock, check out TipRanks’ Stock Analysis page.