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Macro Metals Signs Non-Binding Term Sheet to Sell Nigerian Iron Ore Project

8:03am on Monday 17th of August, 2026 AEST Mining
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Macro Metals Signs Non-Binding Term Sheet to Sell Nigerian Iron Ore Project

8:03am on Monday 17th of August, 2026 AEST
Key Points
  • Non-binding term sheet for 100% sale of Agbaja Iron Ore Project
  • Purchase price set at US$5.67 million on cash-free, debt-free basis
  • Buyer RSIN Nigeria Limited has extensive Nigerian mining and steel interests
  • Completion contingent on due diligence, community agreement extension, and approvals
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