China Nonferrous Mining Corp. Ltd. Acquires 50% of SM Minerals' Issued Share Capital

Reuters

2025/06/16

China Nonferrous Mining Corp. Ltd. Acquires 50% of SM Minerals' Issued Share Capital

China Nonferrous Mining Corporation Limited has announced the acquisition of certain issued share capital of SM Minerals. The transaction involves the Tranche 2 Acquisition, which includes acquiring 50% of the then issued SM Minerals shares from the original shareholders. The company also has a Tranche 2 Call Option, which is an option to be granted by the original shareholders at no additional premium. The announcement indicates that further updates will be provided if there are material developments in compliance with the relevant listing rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Nonferrous Mining Corp. Ltd. published the original content used to generate this news brief on June 16, 2025, and is solely responsible for the information contained therein.

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Ltd. Acquires 50% of SM Minerals' Issued Share Capital","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      China Nonferrous Mining Corp. Ltd. Acquires 50% of SM Minerals' Issued Share Capital\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        China Nonferrous Mining Corporation Limited has announced the acquisition of certain issued share capital of SM Minerals. The transaction involves the Tranche 2 Acquisition, which includes acquiring 50% of the then issued SM Minerals shares from the original shareholders. The company also has a Tranche 2 Call Option, which is an option to be granted by the original shareholders at no additional premium. 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