Western Mines Group Announces Royalty Buyback

Western Mines Group Ltd (AU:WMG) has released an update.

Western Mines Group Ltd has announced the buyback and extinguishment of a 1% NSR royalty through a Royalty Extinguishment Deed, involving the issuance of 800,000 fully paid ordinary shares. Half of these shares will be voluntarily escrowed for 12 months, marking a strategic move to consolidate ownership over tenement E39/2132. This development could potentially impact the company’s stock performance as it seeks to streamline its financial commitments.

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