Firms Merge/Split: Raise Money

Tin Investing News reports joint venture with Australia’s Metals X and China’s Yunnan Tin Group to control the MLX’s Tasmanian tin assets.

MLX will form an unincorporated joint venture with YTG to continue to develop and advance the Tasmanian Tin Assets. In a statement MLX Managing Director Warren Hallam said: “This major investment by YTG speaks volumes for the future potential of our Tasmanian tin assets and the tin market in general. Joining forces with the world’s leading tin miner gives MLX security and growth through access to smelters for off-take and technology to improve the performance and efficiency of its operations and the future development of its Rentails project.”

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