SVM sovereign metals limited

News: SVM Sovereign Metals Announces Demerger Of Standalone Graphite Projects Into New Unit

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    Dec 7 (Reuters) - Sovereign Metals Ltd (SVM) :

    • SOVEREIGN TO DEMERGE STANDALONE GRAPHITE PROJECTS
    • TO DEMERGE THE NANZEKA, MALINGUNDE, DUWI AND MABUWA PROJECTS INTO A WHOLLY OWNED UNIT, NGX LIMITED
    • DEMERGER WILL INVOLVE IN-SPECIE DISTRIBUTION TO CO'S SHAREHOLDERS ON BASIS OF 1 NGX SHARE FOR EVERY ELEVEN 11 SOVEREIGN SHARES
    • NGX IS PROPOSING TO PURSUE AN ASX LISTING THROUGH AN INITIAL PUBLIC OFFERING
    • SOVEREIGN WILL RETAIN ALL GRAPHITE CO-PRODUCT FROM KASIYA RUTILE PROJECT
    • NGX IPO IS EXPECTED TO COMPRISE A PRIORITY OFFER TO EXISTING SHAREHOLDERS
 
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Last
71.5¢
Change
0.015(2.14%)
Mkt cap ! $459.3M
Open High Low Value Volume
70.0¢ 71.5¢ 69.5¢ $183.1K 261.0K

Buyers (Bids)

No. Vol. Price($)
2 3076 71.0¢
 

Sellers (Offers)

Price($) Vol. No.
71.5¢ 23808 1
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Last trade - 12.34pm 08/07/2025 (20 minute delay) ?
SVM (ASX) Chart
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