Mineworx Announces Sale of Cehegin Iron Ore Asset
Retrieved on:
Monday, January 17, 2022
EDMONTON, Alberta, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the Company or Mineworx) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announces that it has signed a letter of intent to sell the Cehegin Iron Ore Asset in Spain at a valuation of $20,000,000 CDN.
Key Points:
- EDMONTON, Alberta, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the Company or Mineworx) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announces that it has signed a letter of intent to sell the Cehegin Iron Ore Asset in Spain at a valuation of $20,000,000 CDN.
- We believe the management of NewCo will bring great value and expertise in further monetizing the Cehegin asset moving forward.
- The transaction is contingent on the completion of the due diligence process and the Company obtaining certain regulatory and shareholder approvals.
- Mineworx is positioned for growth in CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals.