Market Alert: US Sets Tariff Floor at 15% – Potentially Rising to 50% from 01 August 2025
CZR Resources Ltd (ASX: CZR) has announced a key regulatory milestone in its planned sale of its stake in the Robe Mesa Iron Ore Project. The company confirmed that the Foreign Investment Review Board (FIRB) has approved the proposed transaction with RRJV, clearing a critical condition under Australia’s Foreign Acquisitions and Takeovers Act. The deal, worth approximately AU$75 million in cash, now awaits several other approvals including ministerial consent under the WA Mining Act, third-party consents, and international regulatory clearances relating to competition and national interest. CZR had already secured shareholder approval for the sale on 29 May 2025. This strategic divestment marks a significant step for CZR, positioning the company to unlock value and potentially refocus its resources on other ventures. The board authorised the release of this update, underscoring its importance in CZR’s ongoing corporate development
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