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Metarock Group Limited ( (AU:MYE) ) has issued an announcement.
Mastermyne Group has secured a 10-year extension to its exclusive distribution agreement with Jennmar Holdings for critical strata consolidation products, pushing the term of the deal out to 2047 and deepening a long-standing partnership that includes the supply of Weber Mining’s market-leading resins and foams to Australian underground coal mines. The extended agreement reinforces a core part of Mastermyne’s business and provides a long-term framework for Mastermyne, Wilson Mining, Jennmar and Weber to collaborate in delivering high-quality ground support products and services to the Australian underground mining sector, underpinning operational continuity and strategic positioning within this specialist market.
The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.
More about Metarock Group Limited
Mastermyne Group Limited is an Australian mining services company focused on underground coal operations, providing critical ground consolidation, strata stabilisation and roof support solutions. Through its wholly owned subsidiary Wilson Mining, the company distributes and utilises specialised resins and foams for use across many Australian underground coal mines, serving a key segment of the domestic mining support market.
YTD Price Performance: 10.71%
Average Trading Volume: 83,345
Technical Sentiment Signal: Hold
Current Market Cap: A$47.84M
Find detailed analytics on MYE stock on TipRanks’ Stock Analysis page.