Calidus Resources Initiates Recapitalization Process

Calidus Resources Ltd. (AU:CAI) has released an update.

Calidus Resources Limited and its subsidiaries have entered receivership and administration, with operations at the Warrawoona site transitioning into care and maintenance mode. A dual-track process for recapitalization and sale of the group has been initiated. The move comes as part of efforts to preserve value in the company’s fixed assets while exploring strategic options.

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