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CZR Resources Ltd ( (AU:CZR) ) has issued an update.
CZR Resources Ltd has announced an update on the sale of its Robe Mesa Iron Ore Project to Miracle Iron Resources Pty Ltd. The completion of the sale is contingent upon approval from the Foreign Investment Review Board (FIRB), which has requested an extension to its review deadline to 28 February 2025. Both companies have agreed to this extension, including the sunset date of the transaction. Due to ongoing delays, the exclusivity obligations of the share sale agreement have been lifted, and the agreement has been amended to allow either party to terminate the transaction before the new deadline. CZR is actively pursuing discussions with Miracle Iron and other potential partners to explore alternative funding and transaction structures, ensuring flexibility in the company’s strategic direction.
More about CZR Resources Ltd
CZR Resources Ltd operates in the mining industry, with a primary focus on developing and managing iron ore projects. The company is engaged in resource exploration and development, particularly in Western Australia, where it focuses on enhancing its portfolio of mineral assets.
YTD Price Performance: -14.29%
Average Trading Volume: 86,240
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$42.61M
See more insights into CZR stock on TipRanks’ Stock Analysis page.
