MRG Metals Limited Finalises Acquisition of Garies Rare Earth Project
MRG Metals Limited (ASX: MRQ) released a price-sensitive announcement confirming the completion of its acquisition of Sheerartar Minerals Pty Ltd, securing ownership of the Garies Rare Earth Project in South Africa. The transaction strengthens MRG’s critical minerals portfolio by adding a high-grade rare-earth asset with a valuable mix of magnetic and heavy rare-earth elements, including scandium and gallium. The Garies Project is located in a Tier-1 mining jurisdiction near the Steenkampskraal Monazite Mine and displays characteristics of a development-ready system. The acquisition is structured as a scrip transaction, with 75 million shares issued on completion and a further 175 million shares issuable upon grant of a mining licence. Bulk sampling has returned grades of up to 4.85% TREO, with laboratory results confirming the presence of a magnet-rich concentrate. The completion of the acquisition is materially relevant for investors given its strategic and portfolio impact.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to this. Read our Privacy Policy and Terms & Conditions
MRG Metals Limited Finalises Acquisition of Garies Rare Earth Project
MRG Metals Limited (ASX: MRQ) released a price-sensitive announcement confirming the completion of its acquisition of Sheerartar Minerals Pty Ltd, securing ownership of the Garies Rare Earth Project in South Africa. The transaction strengthens MRG’s critical minerals portfolio by adding a high-grade rare-earth asset with a valuable mix of magnetic and heavy rare-earth elements, including scandium and gallium. The Garies Project is located in a Tier-1 mining jurisdiction near the Steenkampskraal Monazite Mine and displays characteristics of a development-ready system. The acquisition is structured as a scrip transaction, with 75 million shares issued on completion and a further 175 million shares issuable upon grant of a mining licence. Bulk sampling has returned grades of up to 4.85% TREO, with laboratory results confirming the presence of a magnet-rich concentrate. The completion of the acquisition is materially relevant for investors given its strategic and portfolio impact.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au