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An update from MetalNRG Plc ( (GB:AMG) ) is now available.
Atlas Metals Group PLC, formerly known as MetalNRG, has announced the termination of its agreement to acquire the entire issued share capital of Compagnie Minière de Oumejrane from Managem S.A., due to the inability to raise the necessary equity capital. This development has led to the issuance of a default notice under a US$25 million convertible loan note by Orion Resource Partners, which was intended to fund the acquisition. Atlas Metals is now exploring alternative options to proceed with the transaction, although there is no certainty of successful completion.
More about MetalNRG Plc
YTD Price Performance: 457.89%
Average Trading Volume: 253,204
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.92M
For detailed information about AMG stock, go to TipRanks’ Stock Analysis page.
