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Tusker Minerals Secures Up to A$4M Divestment of Machinga REE Project to Sharpen Focus
8:39am on Tuesday 4th of August, 2026 AEST
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Tusker Minerals Secures Up to A$4M Divestment of Machinga REE Project to Sharpen Focus
8:39am on Tuesday 4th of August, 2026 AEST
Key Points
Binding agreement with AuKing for Machinga REE divestment
Up to A$4 million in staged cash, shares, and performance rights
Non-dilutive funding to bolster Tusker’s balance sheet
Focus shifts to rutile and heavy mineral sands in Cameroon and Malawi
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