- Mineworx (MWX) has closed the sale of its Cehegin Iron Ore Project in Spain
- The company received C$20M in shares from buyer Iron Ore Mining
- It will now focus on cementing its presence in the cleantech sector through its metals extraction technologies
- Mineworx offers environmentally friendly processing technologies for the recovery of precious metals
- Mineworx (MWX) opened trading at $0.08 per share
Mineworx (MWX) has closed the sale of its Cehegin Iron Ore Project in Spain.
The company signed a definitive agreement to sell its subsidiary, Magnetitas del Cehegín, S.L., which directly owns the project, to Iron Bull Mining for C$20M.
Iron Bull issued 20M common shares priced at $1.00 per share.
The property contains an estimated 25–30M tonnes of magnetite mineralization.
The transaction marks Mineworx’s transition from resource company to technology developer with a focus on extracting platinum and palladium from diesel catalytic converters.
The company will provide distribution plans for the Iron Bull shares once the transaction is officially finalized.
Mineworx offers environmentally friendly processing technologies for the recovery of precious metals.
Mineworx (MWX) opened trading at $0.08 per share.