Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK) traded at 2.08p, up 12%, on Wednesday after completing its KSK sale and approved a $93 million special dividend.
The miner received $104.9 million from Norin Mining (Hong Kong) Limited for Indokal Limited, the subsidiary holding its entire interest in the KSK project.
The board approved approximately $0.0268 per share after reviewing transaction costs and ongoing funding requirements, in line with its previously stated distribution plans.
Asiamet expects to pay the dividend in sterling on 29 September to shareholders on the register at close of business on 15 September 2026.
Ahead of payment, the miner plans to convert the dividend funds into sterling and announce the exchange rate, which will determine the payout per share.
The sale agreement, announced on 6 November last year, covered Asiamet's 100% interest in Indokal for $105 million on a cash-free, debt-free basis.
The $104.9 million received at completion reflects a debt adjustment and remains subject to a post-completion adjustment mechanism under the sale agreement.
After the disposal, Beutong in Aceh, Indonesia, becomes Asiamet's principal remaining asset, and the board is weighing all available options for the project's future.
The board will update shareholders after establishing a path forward with various stakeholder groups, including local communities and the relevant local, provincial and central government authorities.
