HopgoodGanim Lawyers is pleased to have advised Metals X Limited (ASX:MLX) (Metals X) on an agreement with Cyprium Metals Limited (ASX:CYM) (Cyprium) for the sale of its copper asset portfolio for a total consideration of $60m.
This portfolio includes the Nifty Copper Operation, Maroochydore Copper Project and the Paterson Exploration Project (which includes the farm-in agreement with IGO Limited) (Copper Assets).
The sale of the Copper Assets allows Metals X to reduce its debt and provide working capital to develop its tin portfolio.
HopgoodGanim Lawyers Partners,Robyn Ferguson and Sarah O’Brien Smith and Senior Associate Garrett Pearce advised on the sale.
Robyn Ferguson commented, "We are pleased with the outcome and look forward to working with Metals X to complete the sale and as they continue to implement their tin development strategy.”