Flagship Minerals (ASX:FLG) received the full $8 million cash consideration for the sale of its RK lithium project in southern Thailand to a local syndicate led by privately held Pendulum Auto Co., according to a Tuesday filing with the Australian bourse.
The company is also in discussions for the sale of its Khao Soon tungsten project in Thailand as part of its transition to a gold and copper explorer.
Flagship Minerals shares fell 3% in recent Tuesday trade.
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