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What Led Pantoro to Sell its Norseman Lithium and Base Metals Rights to Mineral Resources? — ASX:PNR| ASX Mining News & Discussion
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Lykeshares Official
$PNR What Led Pantoro to Sell its Norseman Lithium and Base Metals Rights to Mineral Resources?
Pantoro's Move: Selling Norseman's Mineral Rights

Pantoro Limited (ASX:PNR) has announced a significant step by signing a binding agreement with Mineral Resources Limited (MinRes) (ASX:MIN). This deal entails Pantoro's divestment of 100% of its lithium, nickel, copper, and cobalt rights within the Norseman Gold Project. The sale amounts to up to A$60 million in cash and royalties.

Key Agreement Details

The divestment deal comprises various components:

A$30 million upfront cash payment within five days of the binding term sheet's execution.
A further A$30 million deferred payment, payable upon the final decision to begin mining nickel, copper, and/or cobalt.
Pantoro retains a 2% net smelter royalty on all recovered nickel, copper, and cobalt, along with a 0.75% FOB lithium royalty. However, these royalties are contingent upon specific Mineral Resource thresholds being met.

Strategic Implications and Benefits for Pantoro

Pantoro will retain ownership of the tenure and retain ...
What Led Pantoro to Sell its Norseman Lithium and Base Metals Rights to Mineral Resources?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?