ADN - Andromeda Metals

[Dona Ferentes]

Andromeda ADN announces that it has sold the ordinary shares in Trigg Minerals Limited (ASX: TMG) the Company received through the sale of the Drummond Epithermal Gold Project.

The 29.5 million shares were sold via a block trade at 0.7 cents per share, with total proceeds of $206,500 received from the sale.

 

[Dona Ferentes]

core competency .. .. selling off things?

ADN is pleased to announce that it has sold the ordinary shares in Cobra Resources PLC (LSE: COBR) received from the sale of its remaining 25% interest in the Wudinna Project. The 52,010,000 Cobra shares were sold via an off market transfer for total proceeds of A$950,000.

MC of $24 million

 

[Dona Ferentes]

MC of $24 million
View attachment 193953

cuniform or new barcode?

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Quarterly HIGHLIGHTS​

PROJECT FUNDING
• Stage 1A+ project funding process was progressed, with due diligence being undertaken by a select number of capital providers.
• Entered into exclusive negotiations for debt project financing facility with Merricks Capital with a limit of up to A$75 million.

OPERATIONS
• Procurement of long lead items for Stage 1A progressed, with majority of long lead items now fabricated and warehoused, ready for shipment to site.
• Significant operational planning and project readiness activities underway, to support efficient delivery of Stage 1A+ of the Project.

EXPLORATION
• Drilling commenced at the Chairlift Deposit, to test for potential extensions and better define the high brightness, low titanium portions of the deposit.

CORPORATE
• $2.34 million tax refund received in cash related to tax incentives for research & development activities undertaken during the 2024 financial year, following the awarding of an Advance Finding for Stage 1A+ by Australian Government.
• $950,000 in proceeds received following the sale of shares in Cobra Resources PLC (LSE: COBR) received from the sale of its remaining 25% interest Wudinna Gold Project.

 

[Dona Ferentes]

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TH, effective immediately, pending an announcement regarding a capital raising.
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yep, that's how it goes