Neometals Ltd (ASX:NMT) and Mineral Resources Ltd (ASX:MIN) advise that financial close occurred today regarding the exercise of a call option by MIN to acquire an additional 13.1% of Reed Industrial Minerals Pty Ltd from Neometals.
The companies advise that financial close occurred today with the receipt of US$19.65 million.
Neometals’ cash balance is now A$79.7 million.
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