Mining Weekly reported that metals developer, IMX Resources, has canceled the sale of its 49% interest in the Mount Woods property, which means it would retain 100% of its iron-ore rights.

As quoted in the market news:

IMX remains committed to generating value from the development of the Mount Woods magnetite project, for which we are actively seeking a partner and, as such, need to maintain clear tenure over the iron-ore rights,” said Meadows.

Click here to read the full Mining Weekly report.