MRG Metals Signs Binding JV Deal to Develop Mozambique Heavy Mineral Sands Projects

MT Newswires Live06-13

MRG Metals (ASX:MRQ) signed a binding joint venture agreement to develop its Mozambique Corridor sands projects and other Mozambique heavy mineral sands projects, according to a Thursday filing with the Australian Securities Exchange.

The company will form the joint venture with Sinowin Lithium (HK) and SINOWIN Lithium Cobalt (ShenZhen).

MRG Metals is to be free carried through to 440,000 tonnes of annual concentrate production. The company will retain a 30% equity in the joint venture through mine start-up at 110,000 tonnes of annual concentrate production, which will reduce to 20% when the production grows to 440,000 tonnes of annual concentrate.

MRG Metals' shares closed up 300% in Australia on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2443573579?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-13 16:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2443573579","market":"sh","top_or_hot":-1,"title":"MRG Metals Signs Binding JV Deal to Develop Mozambique Heavy Mineral Sands Projects","media":"MT Newswires Live","content":"<html><body><p> MRG Metals (ASX:MRQ) signed a binding joint venture agreement to develop its Mozambique Corridor sands projects and other Mozambique heavy mineral sands projects, according to a Thursday filing with the Australian Securities Exchange.</p><p>The company will form the joint venture with Sinowin Lithium (HK) and SINOWIN Lithium Cobalt (ShenZhen).</p><p>MRG Metals is to be free carried through to 440,000 tonnes of annual concentrate production. The company will retain a 30% equity in the joint venture through mine start-up at 110,000 tonnes of annual concentrate production, which will reduce to 20% when the production grows to 440,000 tonnes of annual concentrate.</p><p>MRG Metals' shares closed up 300% in Australia on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MRG Metals Signs Binding JV Deal to Develop Mozambique Heavy Mineral Sands Projects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMRG Metals Signs Binding JV Deal to Develop Mozambique Heavy Mineral Sands Projects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-13 16:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MRG Metals (ASX:MRQ) signed a binding joint venture agreement to develop its Mozambique Corridor sands projects and other Mozambique heavy mineral sands projects, according to a Thursday filing with ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2443573579","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443573579","pubTimestamp":1718267227,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"MRG Metals  signed a binding joint venture agreement to develop its Mozambique Corridor sands projects and other Mozambique heavy mineral sands projects, according to a Thursday filing with the Australian Securities Exchange.The company will form the joint venture with Sinowin Lithium  and SINOWIN Lithium Cobalt .MRG Metals is to be free carried through to 440,000 tonnes of annual concentrate production. The company will retain a 30% equity in the joint venture through mine start-up at 110,000 tonnes of annual concentrate production, which will reduce to 20% when the production grows to 440,000 tonnes of annual concentrate.MRG Metals' shares closed up 300% in Australia on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","XJO.AU":"标普/澳交所 200指数","MRQ.AU":"MRG METALS LTD","XAO.AU":"标普/澳交所 普通股指数","BK7095":"多种金属与采矿"},"translate_title":"MRG Metals签署具有约束力的合资协议开发莫桑比克重矿砂项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRQ.AU":0.9,"XAO.AU":0.82,"XJO.AU":0.82,"XKO.AU":0.82},"content_text":"MRG Metals (ASX:MRQ) signed a binding joint venture agreement to develop its Mozambique Corridor sands projects and other Mozambique heavy mineral sands projects, according to a Thursday filing with the Australian Securities Exchange.The company will form the joint venture with Sinowin Lithium (HK) and SINOWIN Lithium Cobalt (ShenZhen).MRG Metals is to be free carried through to 440,000 tonnes of annual concentrate production. The company will retain a 30% equity in the joint venture through mine start-up at 110,000 tonnes of annual concentrate production, which will reduce to 20% when the production grows to 440,000 tonnes of annual concentrate.MRG Metals' shares closed up 300% in Australia on Thursday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443573579"}