AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Metals X Limited Capital/Financing Update 2021

Dec 1, 2021

10401_rns_2021-12-01_968f1b1c-815a-458b-8e96-406ad7889336.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

2 DECEMBER 2021

Nickel Asset Sale Update – FIRB Condition

Metals X Limited ( Metals X or the Company ) is pleased to advise that it has received a notification of no objection from the Foreign Investment Review Board ( FIRB ) in relation to the sale and spin out of its Nickel asset portfolio ( Transaction ), which includes the Wingellina Nickel-Cobalt Project located in Western Australia and the Claude Hills Project located in South Australia, pursuant to the share sale agreement executed with NICO Resources Limited ( SSA ).

As previously disclosed, the Transaction is subject to a number of conditions precedent pursuant to the SSA, one of which was obtaining any necessary approval or notification of no objection from FIRB. The in-specie distribution and capital reduction under the Transaction and pursuant to the SSA is also subject to approval of the Company’s shareholders, which the Company is seeking to obtain at its general meeting of shareholders to be held on 15 December 2021.

Further updates and details with respect to the progress of the Transaction will be provided once available.

This announcement has been authorised by the Board of Directors of Metals X Limited

ENQUIRIES

Mr Brett Smith Executive Director E: [email protected]

==> picture [138 x 47] intentionally omitted <==

----- Start of picture text ----- CORPORATE DIRECTORYLevel 5, 197 St Georges TerracePerth WA 6000 AustraliaASX Code: MLX----- End of picture text -----