The latest announcement is out from Xantippe Resources Limited ( (AU:XTC) ).
XTC Lithium Limited announced updates regarding its acquisition of the Luz Maria tenement. The company faced regulatory challenges due to an inadvertent breach of ASX Listing Rule 10.1, related to an additional payment agreement without shareholder approval. Despite these issues, the acquisition is proceeding on its original terms, with a remaining balance of US$9,800,000 to be paid in installments by 2027. The company is exploring funding options for this balance and will update stakeholders accordingly.
More about Xantippe Resources Limited
XTC Lithium Limited is a company operating in the lithium industry, focusing on the acquisition and development of lithium tenements. The company is involved in the exploration and potential extraction of lithium resources, which are crucial for battery production and the growing electric vehicle market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$17.53M
Find detailed analytics on XTC stock on TipRanks’ Stock Analysis page.