Triton Minerals sells 70% of its Mozambique graphite assets to Chinese company for $17 million

The Market Herald2024-12-09

Triton Minerals (ASX:TON) has executed its premediated deal to sell 70% of its Mozambique graphite assets to a Chinese company for $17 million. Shandong Yulong Gold Ltd (SYG) has already inked an MOU ...

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Shandong Yulong Gold Ltd (SYG) has already inked an MOU ...</p>\n\n<a href=\"https://themarketonline.com.au/triton-minerals-sells-70-of-its-mozambique-graphite-assets-to-chinese-company-for-17-million-2024-12-09/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","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>Triton Minerals sells 70% of its Mozambique graphite assets to Chinese company for $17 million</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\">\nTriton Minerals sells 70% of its Mozambique graphite assets to Chinese company for $17 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-09 08:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/triton-minerals-sells-70-of-its-mozambique-graphite-assets-to-chinese-company-for-17-million-2024-12-09/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Triton Minerals (ASX:TON) has executed its premediated deal to sell 70% of its Mozambique graphite assets to a Chinese company for $17 million. Shandong Yulong Gold Ltd (SYG) has already inked an MOU ...</p>\n\n<a href=\"https://themarketonline.com.au/triton-minerals-sells-70-of-its-mozambique-graphite-assets-to-chinese-company-for-17-million-2024-12-09/\">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":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://themarketonline.com.au/triton-minerals-sells-70-of-its-mozambique-graphite-assets-to-chinese-company-for-17-million-2024-12-09/","article_id":"2490769088","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490769088","pubTimestamp":1733703600,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"Triton Minerals  has executed its premediated deal to sell 70% of its Mozambique graphite assets to a Chinese company for $17 million. Shandong Yulong Gold Ltd  has already inked an MOU with Triton back in July towards that deal; on Monday, Triton formally executed the move.In short: This means $17M in Triton’s coffers, which is what the company is really after, here. Graphite – sometimes called the ‘forgotten battery metal’ – is subject to one issue other commodities aren’t; its pricing is opaque.All in all, Triton wants SYG to come and do the heavy lifting. It will keep its 30% exposure to the project.In short, all of Triton’s Mozambique assets are going to to SYG on a 70/30 split in the latter’s favour.That includes “its interests in the entities that hold the Ancuabe Graphite Project, including 70% of its interest in the intellectual property and drill core assets relating to the Nicanda Hill and Nicanda West Projects and 70% of its interest in the Cobra Plains mining concession.”","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","BK4109":"特种化学制品","BK4104":"贸易公司与经销商","TON.AU":"TRITON MINERALS LTD","TRTN":"Triton International Limited","MTX":"Minerals Technologies Inc","SYG":"SPDR MFS Systematic Growth Equity ETF","BK7509":"中概股"},"translate_title":"Triton Minerals以1700万美元将其70%的莫桑比克石墨资产出售给中国公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTX":1,"SYG":1,"TON.AU":1,"TRTN":1},"content_text":"Triton Minerals (ASX:TON) has executed its premediated deal to sell 70% of its Mozambique graphite assets to a Chinese company for $17 million. Shandong Yulong Gold Ltd (SYG) has already inked an MOU with Triton back in July towards that deal; on Monday, Triton formally executed the move.\nIn short: This means $17M in Triton’s coffers, which is what the company is really after, here. Graphite – sometimes called the ‘forgotten battery metal’ – is subject to one issue other commodities aren’t; its pricing is opaque. \nThat makes it hard to tell how economic a project is or is not and this is one large factor that makes it hard for juniors to get graphite projects off the ground – especially when in tier one jurisdictions.\nAll in all, Triton wants SYG to come and do the heavy lifting. It will keep its 30% exposure to the project.\nIn short, all of Triton’s Mozambique assets are going to to SYG on a 70/30 split in the latter’s favour.\nThat includes “its interests in the entities that hold the Ancuabe Graphite Project, including 70% of its interest in the intellectual property and drill core assets relating to the Nicanda Hill and Nicanda West Projects and 70% of its interest in the Cobra Plains mining concession.”\nThe company already has $2.55M from SYG; another $5.9M is dude before January 1, 2025 and the remaining $8.5M is due by February 28, 2025.\nWith those funds, Triton will stay in Mozambique – but swing to the Aucu Project, which is a copper-gold play. \n“This agreement underlines our shared commitment to the Ancuabe Graphite Project and positions Triton as a key player in the global graphite market,” Tirton COO Adrian Costello said.\n“The addition of the Aucu Gold and Copper Project marks an exciting new chapter for Triton, and we look forward to identifying further opportunities that align with our vision of growth and delivering exceptional value to our shareholders.”\nTON last traded at 0.9cps. \nJoin the discussion: See what HotCopper users are saying about Triton and be part of the conversations that move the markets.\nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","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":"4.30.0","shortVersion":"4.30.0","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/2490769088"}