Brief: Cyclone Metals Says MOU Between Vale And Cle For Development Iron Bear Project
15/11/2024 01:32
Nov 15 (Reuters) - Cyclone Metals Ltd CLE.AX :
* MOU BETWEEN VALE AND CLE FOR DEVELOPMENT IRON BEAR PROJECT
* UNDER MOU, VALE WILL CONTRIBUTE UP TO USD 18 MILLION TO
FUND
IRON BEAR DEVELOPMENT ACTIVITIES
* VALE'S OWNERSHIP IN IRON BEAR JV WILL INCREASE TO 75% WHEN
VALE
TAKES DECISION TO MINE
Further company coverage: CLE.AX
((Reuters.Briefs@thomsonreuters.com;))
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