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Larvotto Resources Limited ( (AU:LRV) ) has provided an update.
United States Antimony Corporation (USAC) has proposed to acquire 100% of Larvotto Resources Limited, aiming to create one of the largest antimony producers outside China. This proposal offers Larvotto shareholders a significant premium and reflects USAC’s commitment to building a leading player in the critical minerals industry. The transaction is subject to shareholder and regulatory approvals, and USAC has already acquired a 10% stake in Larvotto, positioning itself as the largest single shareholder.
More about Larvotto Resources Limited
Larvotto Resources Limited (ASX:LRV) is engaged in advancing projects focused on in-demand minerals, including the Hillgrove Antimony-Gold Project in New South Wales, the Mt Isa copper, gold, and cobalt project in Queensland, and the Eyre multi-metals and lithium project in Western Australia. The company is backed by a board with expertise in exploration, mining, corporate finance, and ESG, aiming to progress its mineral projects.
Average Trading Volume: 6,013,300
Technical Sentiment Signal: Buy
Current Market Cap: A$640.3M
For detailed information about LRV stock, go to TipRanks’ Stock Analysis page.