Atrum Coal Ltd (AU:ATU) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Atrum Coal Ltd has entered into a binding agreement with Panorama Resources for the sale of its Canadian subsidiaries, holding interests in the Groundhog and Panorama Anthracite Coal Projects. This strategic move allows Atrum to concentrate on its legal claim against the Government of Alberta over coal lease issues, while also securing initial and potential future payments from Panorama. The sale, pending due diligence and regulatory approvals, marks a significant shift in Atrum’s focus and financial strategy.
For further insights into AU:ATU stock, check out TipRanks’ Stock Analysis page.