- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Troy Resources Sells Sandstone Property, Keeps Nickel Rights
Mining Weekly reported Troy Resources (TSX:TRY,ASX:TRY) has sold its defunct Sandstone property, but retained its nickel rights at the mine.
Mining Weekly reported Troy Resources (TSX:TRY,ASX:TRY) has sold its defunct Sandstone property, but retained its nickel rights at the mine.
As quoted in the market news:
Under the terms of the agreement, Troy would receive A$5-million in cash, of which around A$2.5-million would replace the environmental bonds on the property, as well as a 2% uncapped net smelter return royalty on all non-nickel production from the site, as well as the issue of 43.66-million warrants for Southern Cross shares, equivalent to 15% of the company’s issued share capital, at a strike price of 10c a share, over a five-year term.
The agreement excluded all nickel interest from the Sandstone property, which was placed on care and maintenance during 2011.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â