ATAA Advances Strategic Demerger of Australian Gold Assets
American Tungsten & Antimony Ltd (ASX: AT4) has announced plans to spin out its Drummond Basin and selected New South Wales exploration assets into a new, gold-focused ASX-listed entity to be named King Metals Limited, subject to shareholder and regulatory approvals. The proposed demerger is designed to unlock value for shareholders by separating these Australian assets from ATAA’s US antimony portfolio, which has become the Company’s primary strategic focus.
King Metals is expected to pursue an initial public offering raising between AU$4.5 million and AU$6 million at AU$0.20 per share, with eligible ATAA shareholders offered priority participation. The new entity will be led by an experienced board, including ATAA Chairman Timothy Morrison, with a CEO search to commence immediately. The Drummond Basin portfolio includes highly prospective low-sulphidation epithermal and intrusion-related gold targets, underpinned by encouraging geophysical results and prior drilling. Post-demerger, ATAA will retain full focus on advancing its antimony assets in the United States.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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ATAA Advances Strategic Demerger of Australian Gold Assets
American Tungsten & Antimony Ltd (ASX: AT4) has announced plans to spin out its Drummond Basin and selected New South Wales exploration assets into a new, gold-focused ASX-listed entity to be named King Metals Limited, subject to shareholder and regulatory approvals. The proposed demerger is designed to unlock value for shareholders by separating these Australian assets from ATAA’s US antimony portfolio, which has become the Company’s primary strategic focus.
King Metals is expected to pursue an initial public offering raising between AU$4.5 million and AU$6 million at AU$0.20 per share, with eligible ATAA shareholders offered priority participation. The new entity will be led by an experienced board, including ATAA Chairman Timothy Morrison, with a CEO search to commence immediately. The Drummond Basin portfolio includes highly prospective low-sulphidation epithermal and intrusion-related gold targets, underpinned by encouraging geophysical results and prior drilling. Post-demerger, ATAA will retain full focus on advancing its antimony assets in the United States.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au