Pyx Resources Limited (NSX:PYX) to Acquire World-Class Mineral Sands Deposit
PYX to Acquire World-Class Mineral Sands DepositSydney, Jan 13, 2021 AEST (ABN Newswire) - PYX Resources Limited (
NSX:PYX) is pleased to announce that it has entered into a Share Purchase Agreement with the shareholders of Tisma Development (HK) Ltd.
(Tisma) to acquire 100% of its shares. The Transaction will increase the scale of the Company s activities through an excellent strategic addition to our resource base. The acquisition is a key milestone in the consolidation of the Indonesian Mineral Sands mining industry, transforming PYX s resource base into the 2nd largest zircon producing resource base in the world, thus, generating shareholder value through enhancing PYX s ability to service blue-chip customers around the world with high quality, premium zircon.
Pyx Resources Limited to Acquire World-Class Mineral Sands Deposit
01/13/2021 | 05:40pm EDT
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Sydney, Australia (ABN Newswire) - PYX Resources Limited (NSX:PYX) is pleased to announce that it has entered into a Share Purchase Agreement with the shareholders of Tisma Development (HK) Ltd.
(Tisma) to acquire 100% of its shares. The Transaction will increase the scale of the Company s activities through an excellent strategic addition to our resource base. The acquisition is a key milestone in the consolidation of the Indonesian Mineral Sands mining industry, transforming PYX s resource base into the 2nd largest zircon producing resource base in the world, thus, generating shareholder value through enhancing PYX s ability to service blue-chip customers around the world with high quality, premium zircon.