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Orbminco Divests 80% of Mt Venn Project to Sarama Resources in Strategic Shift
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Orbminco Divests 80% of Mt Venn Project to Sarama Resources in Strategic Shift
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Orbminco signs non-binding agreement to sell 80% of Mt Venn Project to Sarama Resources
Transaction includes $20,000 exclusivity payment and 12 million Sarama CDIs (~3% ownership)
Divestment aligns with Orbminco’s strategic focus on Bronze Fox Project in Mongolia
Completion subject to regulatory, board, and shareholder approvals
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