Parabellum Resources Ltd (ASX:PBL), an ASX-listed rare earths company, has agreed to a due date extension regarding its partner Temarise Limited's engagement in the Khotgor Rare Earths Project in Mongolia.
In late February, Temarise opted to acquire an 80% stake in the project for a sum of US$15 million, with the payment due by May 22, 2023.
The two parties have now agreed to an extension of said due date to July 31 this year.
This delay has been agreed upon to enable further discussions between MBSEA and other stakeholders linked to the project.