Pilbara Minerals accepts tantalum mine Tabba Tabba completely
The start of production on the tantalum mine Tabba Tabba of Pilbara Minerals (WKN A0YGCV) is imminent. To make best use of this crucial step to benefit can, the Australian company has decided to take on the previously operated in a 50:50 joint venture project completely.
How Pilbara Minerals announced today that it has reached an agreement with joint venture partner Valdrew nominees or Nagrom Co. on the takeover conditions. These include the payment of 2 million Dollars in cash at closing and that Pilbara waive all claims outstanding against Valdrew /Nagrom and repayment of loans and advances. In addition, Pilbara former partner for the 50% stake in the joint venture Tabba Tabba Tantalum (TTT) pay 20 million options, which are payable on achievement of certain milestones.