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Atrum Coal Ltd ( (AU:ATU) ) has provided an update.
Atrum Coal Ltd has reported on its quarterly activities ending December 31, 2024. Key highlights include the completion of a non-renounceable entitlement offer that raised approximately A$5.8 million. The company is engaged in legal proceedings against the Government of Alberta, claiming de facto expropriation of its Elan Coal assets, with a trial set for April 28, 2025. Additionally, Atrum has entered into an agreement with Panorama Resources to sell its Canadian subsidiaries, which is subject to regulatory approvals and a definitive agreement. The company maintains a cash position of A$5.65 million with no debt, emphasizing fiscal prudence as it navigates ongoing legal challenges.
More about Atrum Coal Ltd
Atrum Coal Ltd is a company involved in the coal industry, focusing on projects like the Elan Hard Coking Coal Project and the Groundhog and Panorama projects. The company is based in Sydney, Australia, and is publicly listed on the ASX under the ticker symbol ATU. Atrum Coal holds significant coal assets in Alberta, Canada, and is actively seeking to manage and develop these resources.
YTD Price Performance: 0%
Average Trading Volume: 926,152
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.96M
For detailed information about ATU stock, go to TipRanks’ Stock Analysis page.
