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GBM Secures $400k First Tranche in $3.2m Mt Morgan Project Sale
9:32am on Monday 14th of July, 2025 AEST
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Mining
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GBM Secures $400k First Tranche in $3.2m Mt Morgan Project Sale
9:32am on Monday 14th of July, 2025 AEST
Key Points
Tranche 1 payment of $400,000 received from Lithium Energy
Potential total proceeds up to $3.2 million including milestone payments
GBM retains 1.33% NSR royalty with partial buyback option
Further $1.6 million in staged payments expected over 21 months
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