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    FEX — Fenix Resources News Story

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    Brief: Fenix Resources SignsBinding Right To Mine Deal With Sinosteel Midwest Corporation

    Picture of Fenix Resources logoFenix Resources
    01/09/2025 02:32
    Sept 1 (Reuters) - Fenix Resources Ltd FEX.AX:

SIGNED BINDING RIGHT TO MINE DEAL WITH SINOSTEEL MIDWEST CORPORATION

TOTAL CONSIDERATION INCLUDES A$60 MILLION CASH, ROYALTIES

UNDER DEAL, CO EARNS 30-YEAR EXCLUSIVE RIGHT TO MINE & EXPORT IRON ORE FROM SMC’S WELD RANGE HEMATITE IRON ORE PROJECT

Further company coverage: FEX.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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