Westgold sells lithium royalty rights for $15 million

Company News

by Anna Napoli

Westgold Resources (ASX:WGX) has today announced that it has entered into a revised royalty sale agreement for its lithium royalties with Silverstream SEZC.

The agreement comes after the company's sale agreement with Cobalt 27 expired without being completed.

Westgold will dispose of both its Mt Marion and Buldania lithium production royalties in a binding sale to Silverstream SEZC for $13 million and $2 million respectively.

The Buldania agreement is subject to pre-emptive rights with Liontown Resources.

Shares in Westgold (ASX:WGX) are trading 3.13 per cent lower at $1.24

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.