There are something else:
PROJECT SUMMARY
MTA entered into a Joint Venture Agreement with Mozambican Ruby Lda on 20 October 2015 to advance and unlock value the Company’s Montepuez East Ruby Project (“the Project”), in Mozambique. While the project is considered to offer significant prospectivity it not strategically aligned with the Company’s primary focus, which is graphite.
Under the terms of the Agreement, Mozambican Ruby Lda will acquire up to 75% ownership in the Project by funding exploration.
MTA will be free carried for the first US$400,000 of expenditure by Mozambican Ruby Lda, which must be spent within the first two 2 years of the JVA.
https://www.batteryminerals.com/business/mozambique-ruby/
Mus now on trading halt:
a) the reason for the trading halt is to facilitate an orderly market in the Company’s securities pending an announcement in relation to the acquisition of a majority interest in a ruby license in Mozambique and a possble capital raising;
I guess MUS is going to acquire Mozambican ruby lde 75% interest.
I also hold MUS.
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There are something else: PROJECT SUMMARY MTA entered into a...
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