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12 Jul

European Lithium divests asset in Australia to focus on Europe

Australia-listed European Lithium (EUR) said Wednesday it will sell a non-core asset in Western Australia to focus on the investment and development of its European assets, Kallanish reports. The E47/4144 tenement in northwest Western Australia will be fully divested to Moosh Moosh Limited for AUD 1 million. The companies entered a binding term sheet for the deal, which includes a 1% net smelter royalty entitlement on minerals extracted from the tenement. The t…
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