Reward Minerals Limited (ASX: RWD) announced a significant advancement in its strategic acquisition plan by finalizing a pivotal agreement to procure the Beyondie Sulphate of Potash (SOP) Project. This milestone involves a binding share sale agreement with the Receivers and Managers of Kalium Lakes Limited for a total consideration of AU$20 million. The arrangement encompasses an initial upfront cash payment of AU$14.75 million and a deferred cash consideration of AU$5 million, scheduled for settlement by June 30, 2025.
Preceded by an exclusivity deed, this development reflects Reward's steadfast dedication to securing the Beyondie Project. The Share Sale Agreement and the proposed deed of company arrangement (DOCA) signify crucial strides in Reward's commitment to enhancing its asset portfolio and cementing its position in the industry. This achievement solidifies Reward Minerals Ltd's position as a frontrunner in its pursuit of valuable mineral assets.
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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.
