GWR Group (ASX:GWR) submitted a non-binding indicative offer for a "significant" transaction in Western Australia, with due diligence currently underway, according to a Monday Australian bourse filing.
The firm is advancing its Prospect Ridge magnesite project in Tasmania and has evaluated a number of potential transactions that could generate significant value for shareholders, the filing said. It submitted nonbinding indicative offers for major transactions in Australia.
It is targeting advanced projects with established resources and reserves, focusing on commodities, including gold, copper, silver, antimony, rare earth elements, iron ore, bauxite, niobium, coal, lithium, and tantalum, per the filing.
The firm's shares rose past 3% in recent trading on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.