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Raiden Resources Secures Option to Sell 80% of Mt Sholl Project for Up to A$2.25 Million
8:25am on Tuesday 9th of June, 2026 AEST
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Raiden Resources Secures Option to Sell 80% of Mt Sholl Project for Up to A$2.25 Million
8:25am on Tuesday 9th of June, 2026 AEST
Key Points
Binding option agreement with Forgent for 80% Mt Sholl sale
Total consideration includes A$100k in shares plus up to A$2.7m on option exercise
Raiden retains 20% free-carried interest through A$4 million expenditure
Deal reduces holding costs and strengthens cash position by ~A$1 million
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