Desert Metals Sells Tengrela South Stake for Up to $5 Million and Royalty
Desert Metals has agreed to sell its 80% interest in the Tengrela South project for $2.5 million by completion, up to a further $2.5 million if the permit is renewed, and a 1% royalty on future production. The proceeds are intended to fund drilling preparation at the Nyan gold anomaly, initial exploration at Agboville and other project opportunities, without issuing new shares.
Closing price · 2026-10-27: $0.009 · +28.57%