Marvel Gold Ltd. ( (AU:MVL) ) has provided an announcement.
Marvel Gold Limited has entered into a binding term sheet with Anchises Capital LLC to sell its interests in the Tabakorole and Yanfolila Gold Projects in Mali for AUD$1,650,000. This move aligns with Marvel’s strategy to pursue growth opportunities outside of Mali. The transaction is contingent on the renewal of mining tenements by the Mali Mining Cadastre and regulatory approvals. The sale is expected to impact Marvel’s operations by allowing it to redirect resources towards other ventures, potentially enhancing shareholder value.
More about Marvel Gold Ltd.
Marvel Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. The company holds interests in various gold projects, primarily in Mali, including the Tabakorole and Yanfolila Gold Projects.
YTD Price Performance: 10.0%
Average Trading Volume: 1,479,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.5M
Find detailed analytics on MVL stock on TipRanks’ Stock Analysis page.