Boab Metals (ASX:BML) agreed with joint venture partner and China-based lead smelting firm Henan Yuguang Gold Lead to extend their 12-month option agreement signed last September to Dec. 31, according to a Monday filing with the Australian bourse.
The company had agreed with the China-based lead smelting firm to acquire a 25% interest in the project in which it already has a 75% interest.
Shares of the company fell past 4% in recent Monday trade and earlier hit their highest since April 2023.
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.