On October 10, 2019, IMC and Australian-based Hexagon Energy Materials Limited (“Hexagon”) (formerly Hexagon Resources Limited) announced an investment agreement (the “Investment Agreement”) pursuant to which Hexagon acquired a one-year option to acquire a 49% equity ownership in an incorporated joint venture with IMC (the “Hexagon-IMC REE Joint Venture”) to be called American Innovation Metals Inc. (“AIM”) for the commercial development of the RapidSX™ REE technology. In order to exercise its option, Hexagon is required to pay IMC a total of US$2,000,000 in cash, in addition to US$4,000,000 in deferred compensation payable through Hexagon’s share of future distributable cash flows from AIM.The IMC-Ucore team continues to look forward to Hexagon exercising the Hexagon-IMC REE Joint Venture option. In accordance with the Purchase Agreement between Ucore and IMC, all of Hexagon’s commercial rights and obligations have been fully maintained in accordance with the terms of the Investment Agreement between Hexagon and IMC.
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Ucore to acquire 100% of IMG and RapidSX, page-18
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Last
2.1¢ |
Change
-0.003(12.5%) |
Mkt cap ! $10.77M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $7.153K | 340.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 284036 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.2¢ | 247500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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7 | 284036 | 0.021 |
2 | 174837 | 0.020 |
1 | 1000000 | 0.019 |
2 | 600000 | 0.018 |
2 | 485000 | 0.017 |
Price($) | Vol. | No. |
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0.022 | 247500 | 1 |
0.024 | 20000 | 1 |
0.025 | 224600 | 1 |
0.026 | 125000 | 2 |
0.027 | 200000 | 1 |
Last trade - 15.56pm 14/10/2024 (20 minute delay) ? |
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INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
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