Aspire Regains Exclusive Marketing Rights, Unlocking Value at Ovoot

Aspire Mining Limited (ASX: AKM) has taken a major step forward by regaining full marketing control over its Ovoot and Nuurstei Coking Coal Projects through the permanent termination of legacy Contract Rights. This milestone was triggered by Talaxis Ltd’s agreement to sell its 13.08% stake in Aspire to NordSteppe Private Investment Fund in a staged off-market transaction valued at US$13.5 million, due for completion by March 2026.

As part of the arrangement, Aspire will pay NordSteppe a modest 0.75% royalty on gross sales from the Ovoot mining licence, while also regaining Talaxis’s 20% interest in Northern Infrastructure Limited for just US$1. The removal of third-party marketing allocations, fees of up to 5%, and cost-plus logistics margins restores Aspire’s ability to negotiate directly with end users, improve price realisation, and pursue offtake and prepayment structures that reduce equity reliance and shareholder dilution. This strategic reset enhances Ovoot’s economics, simplifies contracting, and significantly strengthens the company’s funding flexibility.

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