DIVESTMENT OF DRC ASSETS
Leading African battery minerals company, Prospect Resources Ltd (ASX: PSC) (“Prospect” or “the Company”) is pleased to announce that it has agreed to sell its exploration business in the Democratic Republic of Congo (“DRC”) to New Energy Metals Limited (“NRG”).
NRG is a private Perth based company that is seeking to list on the ASX this year.
The sale will be effected by the transfer of Prospect’s wholly owned subsidiary, Prospect Cobalt Pte Ltd (“PCP”), along with its associated subsidiaries and assets.
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