Robex Resources ( (TSE:RBX) ) has issued an announcement.
Robex Resources Inc. has announced that the Government of Mali has approved a new convention agreement between the company and the state. This agreement, which includes a memorandum of understanding from 2024, increases the state’s non-contributory, non-dilutable shares in the company’s capital, offering them priority dividends. This development is part of broader mining sector reforms in Mali and resolves all outstanding liabilities between Robex and the government. The approval signifies strong collaboration with the Malian authorities and is expected to bolster Robex’s operations and position within the mining sector, ensuring a stable framework for future activities and investments.
More about Robex Resources
Robex Resources Inc. operates in the mining industry, focusing on gold extraction and production. The company primarily engages in exploring and developing gold mining projects, with a particular emphasis on projects in Mali.
YTD Price Performance: -0.85%
Average Trading Volume: 27,537
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$295.8M
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