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Offtake MOU signed by Elementos and Thaisarco

Post By: Tom Mulqueen on Tuesday, 30 August 2016

Elementos has announced a partnership with the Thailand Smelting and Refining Company (Thaisarco) for the future supply of tin concentrates produced from the company's multi-stage Cleveland Tin Project, in Luina, Northwest Tasmania.

A non-binding Memorandum of Understanding between the parties proposes Thaisarco's purchase of at least 100 tonnes per month of 55% tin concentrates, to commence as soon as production at Cleveland begins. The two companies intend to complete a formal offtake agreement as project development work progresses.

Elementos...

Kasbah acquired by AMR

Post By: Tom Mulqueen on Friday, 12 August 2016

Tin explorer Kasbah Resources Limited, 75% owner of the Achmmach Tin Project in Morocco, has announced its acquisition by TSX-V listed Asian Mineral Resources (AMR), which holds a 90% interest in the operating Ban Phuc Nickel Mine in Vietnam.

The mutually agreed deal will see the exchange of Kasbah shares for a combination of AMR shares and CHESS Depositary Interests (CDI) and Asian Minerals warrant CDIs options. The new Asian Mineral Resources will see Kasbah shareholders with 52.2% ownership...

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