Triton Minerals (ASX:TON) executed a shareholders cooperation deed with NQM Gold 2, satisfying a key condition precedent under its share sale and purchase agreement, according to a Friday ASX filing.

Triton had previously entered share sale and purchase agreement with Shandong Yulong Gold, through its wholly-owned unit NQM Gold 2, for the sale of at least 70% of its interests in the entities that hold the Ancuabe graphite project in Mozambique, including 70% of its interest in the intellectual property and drill core assets relating to the Nicanda Hill and Nicanda West projects and 70% of its interest in the Cobra Plains mining concession, an earlier filing showed.

The deed will govern shareholder cooperation and governance arrangements for the project companies from completion, the filing said. The formal completion and handover remains subject to the satisfaction of the remaining completion mechanics and conditions, it added.

Triton Minerals' shares jumped 9% in recent Friday trade, hitting a 52-week high.