Elixer Farm Out12 Mar 2025 11:00
The first farm-out agreement will establish an incorporated joint venture (IJV) the holds Elixir’s Mongolian coal bed methane (CBM) assets, primarily the Nomgon CBM PSC and related equipment and facilities.
The farm-in partner, a UK registered company controlled by Mongolian business interests well known to Elixir, will acquire a 51% interest in both IVJs and free carry Elixir through all costs to a final investment decision (FID) on gas or renewable development.
The secyond agreement will cover Elixir’s renewable energy business, specifically the Solar Ilch pre-development solar farm, wind/solar monitoring equipment and all data and intellectual property