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Triton Minerals Limited ( (AU:TON) ) has shared an update.
Triton Minerals Limited has initiated legal proceedings against NQM Gold Pty Ltd, a subsidiary of Shandong Yulong Gold Co. Ltd, by filing a writ of summons in the Supreme Court of Western Australia. This action seeks the recovery of A$8.5 million, which NQM has failed to pay under a share sale and purchase agreement. The outcome of this legal action could significantly impact Triton’s financial position and its ongoing operations, as well as its relationship with stakeholders.
More about Triton Minerals Limited
Triton Minerals Limited operates in the mining industry, focusing primarily on the exploration and development of graphite assets. The company is engaged in the sale of a significant portion of its graphite assets to Shandong Yulong Gold Co. Ltd, indicating a strategic focus on monetizing its resources.
Technical Sentiment Signal: Buy
Current Market Cap: €4.3M
For detailed information about TON stock, go to TipRanks’ Stock Analysis page.
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