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Atlas Metals Group Shifts Acquisition Focus After Deal Termination

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Atlas Metals Group Shifts Acquisition Focus After Deal Termination

MetalNRG Plc ( (GB:AMG) ) has shared an announcement.

Atlas Metals Group plc announced that its agreement to acquire Compagnie Minière de Oumejrane from Managem S.A. has been terminated, as Managem sold it to a third party. Despite this setback, Atlas Metals is actively exploring alternative acquisitions in the copper and gold sectors in Africa and remains committed to its strategy of building a global natural resources business to deliver high returns to shareholders.

More about MetalNRG Plc

Atlas Metals Group plc, formerly known as MetalNRG, operates in the natural resources industry, focusing on acquiring and managing tier two assets. The company specializes in copper and gold production, with a market focus on Africa.

YTD Price Performance: 28.95%

Average Trading Volume: 325,904

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.77M

Find detailed analytics on AMG stock on TipRanks’ Stock Analysis page.

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