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Capricorn Metals Ltd (ASX:CMM)

ALERT: Price-sensitive ASX Announcement for CMM
Current share price for CMM : $13.140 -1.64 (-11.10%)+
Announcement
Release
23 Dec 2025 8:30AM
Price at Release
$14.780
Full Release
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Summary
Capricorn Metals Limited (CMM) has entered a binding agreement with Tempest Minerals Ltd (TEM) to acquire the Yalgoo Project, an expansive tenement package in Western Australia, for a total consideration of $4.5 million, including an initial cash deposit and shares. The transaction includes potential milestone payments contingent upon further discoveries or production achievements. TEM will retain iron rights on specific eastern tenements. The acquisition aligns with CMM's strategy to consolidate and expand its regional presence, leveraging the Yalgoo Project's proven geological prospectivity.
Key Points
  • Capricorn to acquire Yalgoo Project and expand regional footprint
  • A$4.5M cash and scrip deal with potential for further milestone payments
  • TEM to retain iron rights on eastern tenements
  • CMM will issue shares and cash as part of the deal
  • Completion expected early 2026, subject to procedural due diligence
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.