Metals X Limited (AU:MLX) has released an update.
Metals X Limited has made a strategic investment in First Tin Plc, acquiring a 23% stake with the purchase of 60 million shares and an additional subscription for 11.5 million new shares, totaling A$4.64 million. The investment will grant Metals X significant influence in First Tin, including the right to nominate two directors to its board, and provide access to First Tin’s low-risk tin project with advanced permitting in Australia.
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