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The latest announcement is out from Triton Minerals Limited ( (AU:TON) ).
Triton Minerals Limited has resolved a legal dispute with NQM Gold Pty Ltd, a subsidiary of Shandong Yulong Gold Co. Ltd, concerning a share sale and purchase agreement. The resolution includes a Deed of Settlement and Deed of Variation, which outlines the payment of the remaining A$8.5 million in two tranches and the transfer of deposit funds. The agreement also includes provisions for dismissing ongoing Supreme Court proceedings, contingent on the completion of the Kwe Kwe Share Sale Agreement by the end of 2025. This settlement is expected to stabilize Triton’s operations and potentially enhance its market positioning by resolving outstanding legal matters.
More about Triton Minerals Limited
Triton Minerals Limited is a company operating in the mining industry, primarily focused on graphite assets. The company has been involved in transactions related to the sale of a significant portion of its graphite assets, indicating a market focus on mineral resources.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.41M
See more insights into TON stock on TipRanks’ Stock Analysis page.