MR1 montem resources limited.
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News: MR1 Montem Resources Signs Agreement To Sell 50% Of Tm-Rex To Transalta

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    22/02/23
    21:55
    Post #: 66406591

    Feb 22 (Reuters) - Montem Resources Ltd (MR1) :

    • MR1 SIGNS AGREEMENT TO SELL 50% OF TM-REX TO TRANSALTA
    • TRANSALTA WILL PAY UP TO A$26.7 MILLION FOR 50% OF TM-REX
    • PROCEEDS FROM SALE EXPECTED TO PROVIDE CAPITAL TO ADVANCE DEVELOPMENT OF TENT MOUNTAIN PUMPED HYDRO ENERGY STORAGE WITH TRANSALTA
    • MONTEM AND TRANSALTA WILL FORM PARTNERSHIP AND JOINTLY MANAGE TENT MOUNTAIN RENEWABLE ENERGY COMPLEX
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