Zeta Resources Ltd. (AU:ZER) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Zeta Resources Ltd. anticipates a significant cash inflow of approximately USD 41 million following the termination of a commercialization deal between Koumbia Bauxite Investments Ltd and Alliance Mining Commodities Ltd. The incoming funds will bolster Zeta’s investment capacity, with total cash reserves reaching around AUD 70 million. Additionally, Zeta updates its stakeholders on the progression of a compulsory acquisition process, with details to be announced following the receipt of a formal notice.
For further insights into AU:ZER stock, check out TipRanks’ Stock Analysis page.