Triton Minerals Limited ( (AU:TON) ) just unveiled an announcement.
Triton Minerals Limited has announced a breach of the share sale and purchase agreement by NQM Gold Pty Ltd, a subsidiary of Shandong Yulong Gold Limited, which failed to pay an adjusted sum of A$3.42 million due on 28 February 2025. Despite ongoing negotiations, no resolution has been reached, prompting Triton to issue a letter of demand seeking payment by 11 March 2025, while considering legal options. This development could impact Triton’s financial position and stakeholder confidence as the company navigates the breach.
More about Triton Minerals Limited
Triton Minerals Limited operates in the mining industry, focusing on the exploration and development of graphite projects. The company is involved in the production of graphite, which is a critical component in various industrial applications, including batteries and electronics.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.37M
For an in-depth examination of TON stock, go to TipRanks’ Stock Analysis page.