Moonbound Mining Ltd. (TSE:MML) has released an update.
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Moonbound Mining Ltd. has announced its intent to acquire Continental Lithium Africa Development Corporation, aiming to enhance its lithium mining position in Namibia’s Cape Cross – Uis pegmatite belt. The proposed acquisition, which is currently non-binding, involves issuing 40 million units in the Company’s capital at $0.37 each, with a completion target date on or before May 24, 2024. However, the transaction is still subject to due diligence, definitive agreements, and regulatory approvals.
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