Tungsten Mining NL (AU:TGN) has released an update.
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GWR Group Ltd has successfully sold its remaining 80% stake in the Hatches Creek Tungsten Project to Tungsten Mining NL, acquiring 107.5 million shares in TGN as part of the deal, which raises GWR’s voting power in TGN to nearly 19.86%. This strategic move allows GWR to focus on its Prospect Ridge Project and explore further acquisitions to enhance its portfolio.
For further insights into AU:TGN stock, check out TipRanks’ Stock Analysis page.
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