M&A

MOD buy-out aimed at T3 acceleration

JULIAN Hanna's MOD Resources is set to consolidate its holding over the emerging T3 copper-silver project in Botswana to streamline a decision to mine early next year by doing a scrip-based deal with AIM-listed Metal Tiger for its 30% stake in the deposit.

MOD Julian Hanna

MOD Julian Hanna

MOD said the binding agreement should improve the financing and development options for T3. Metal Tiger will gain around A$26.6 million worth of MOD shares, giving it around 12.5% of...

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