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News: ANX Anax Metals Signs A Non-Binding Term Sheet With Unit of Anglo American PLC

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    29/03/21
    12:35
    Post #: 52110791

    March 29 (Reuters) - Anax Metals Limited (ANX) :

    • SIGNED A NON-BINDING TERM SHEET WITH ANGLO AMERICAN MARKETING LIMITED, UNIT OF ANGLO AMERICAN PLC
    • TERMS SHEET PROVIDES A PROPOSED PROJECT FUNDING PACKAGE OF UP TO US$20M AND OFFTAKE ARRANGEMENT FOR WHIM CREEK
    • UNDER TERM SHEET, ANGLO AMERICAN WILL BUY 1% NET SMELTER RETURN FOR US$2M OVER ANX PRODUCTION OF COPPER & ZINC FROM WHIM CREEK
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