GWR Group Limited (AU:GWR) has released an update.
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GWR Group Limited has announced the sale of its 80% stake in the Hatches Creek Tungsten Project to Tungsten Mining NL. In exchange, GWR will receive 107.5 million shares in Tungsten Mining, boosting its voting power to nearly 20%. The sale aligns with GWR’s strategy to concentrate on its Prospect Ridge Magnesium Project and explore further investment opportunities.
For further insights into AU:GWR stock, check out TipRanks’ Stock Analysis page.