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Elixir Energy Limited ( (AU:EXR) ) has issued an update.
Elixir Energy Limited has announced agreements to farmout its Mongolian gas and renewable assets, establishing joint ventures where a partner acquires a 51% interest and covers all costs until final investment decisions. These agreements allow Elixir to potentially exit the projects on pre-agreed terms, enabling the company to focus more on its Grandis project in Queensland.
More about Elixir Energy Limited
Elixir Energy Limited operates in the energy sector, focusing on gas and renewable energy projects. The company’s primary operations are in Mongolia, where it is involved in coal bed methane and renewable energy initiatives such as solar and wind farms.
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $28.3M
Find detailed analytics on EXR stock on TipRanks’ Stock Analysis page.
