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Resolution Minerals and Snow Lake End Transaction Talks for Horse Heaven Project

Story Highlights
  • Resolution Minerals and Snow Lake have decided not to proceed with the Horse Heaven Project transaction.
  • RML found Snow Lake’s offer unattractive due to its structure and lack of cash component.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Resolution Minerals and Snow Lake End Transaction Talks for Horse Heaven Project

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Resolution Minerals Ltd. ( (AU:RML) ) has issued an announcement.

Resolution Minerals Ltd and Snow Lake Resources Ltd have mutually decided not to proceed with a proposed transaction involving the Horse Heaven Project due to disagreements over commercial terms. The offer from Snow Lake was deemed unattractive by RML as it was structured at the asset level and predominantly scrip-based, lacking a significant cash component. RML continues to explore strategic options for the Horse Heaven Project and is pursuing a NASDAQ listing following its recent OTCQB listing.

More about Resolution Minerals Ltd.

Resolution Minerals Ltd is a company operating in the mining industry, focusing on exploration and development projects. The company is involved in strategic evaluations of its assets, such as the Horse Heaven Project, and is actively pursuing listings on major stock exchanges.

Average Trading Volume: 25,372,761

Technical Sentiment Signal: Sell

Current Market Cap: A$74.48M

For a thorough assessment of RML stock, go to TipRanks’ Stock Analysis page.

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