Future Metals Secures Strategic Partnership with Zeta Resources

Future Metals NL (ASX: FME) has entered a significant strategic alliance with Zeta Resources through a non-binding Memorandum of Understanding (MOU) aimed at accelerating the development of its Eileen Bore and Panton projects. The MOU explores using Zeta’s Savannah Mine processing plant, located near both deposits, to potentially process Future Metals’ Cu-Ni-PGM ore. As part of the collaboration, Zeta has agreed to acquire a 9.99% equity stake in Future Metals via a placement valued at AU$1.58 million. Additionally, the company plans a rights issue to raise a further AU$2.64 million, both priced at AU$0.011 per share. The funds raised will primarily support the advancement of the Eileen Bore project and related feasibility studies. CPS Capital is acting as lead manager and intends to underwrite the rights issue. This partnership marks a key milestone in leveraging existing infrastructure to fast-track project timelines and enhance shareholder value.

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