HopgoodGanim Lawyers is pleased to have advised Metals X Limited (ASX:MLX) (Metals X) on an agreement with Cyprium Metals Limited (ASX:CYM) (Cyprium) for the sale of its copper asset portfolio for a total consideration of $60m.
This portfolio includes the Nifty Copper Operation, Maroochydore Copper Project and the Paterson Exploration Project (which includes the farm-in agreement with IGO Limited) (Copper Assets).
The sale of the Copper Assets allows Metals X to reduce its debt and provide working capital to develop its tin portfolio.
Robyn Ferguson commented, "We are pleased with the outcome and look forward to working with Metals X to complete the sale and as they continue to implement their tin development strategy.”