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Alchemy Resources Seals Game-Changing Iron Ore Deal with Newcam
9:27am on Thursday 16th of October, 2025 AEDT
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Mining
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Alchemy Resources Seals Game-Changing Iron Ore Deal with Newcam
9:27am on Thursday 16th of October, 2025 AEDT
Key Points
Newcam to earn 60% interest in Bryah Iron Ore assets
Alchemy retains 40% free-carried interest until decision to mine
Initial $500,000 option fee plus $500,000 on option exercise
Newcam subscribes to 10 million shares at 127% premium
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