RE: TZM exist?/TZM no resources?5 Sep 2022 09:20
https://www.lse.co.uk/rns/PFP/final-results-for-the-year-ended-31-december-2021-xt0k5vhg645gvch.html
Given the potential value of the claim, and favourable prospect of success attributed by legal counsel (as announced by the Company on 16 December 2020), the Board believes an acquisition of IMM would be attractive to third parties. Such parties could range from litigation funders who would pursue the claim themselves, the current Licence-holder, TZM Resources SA ("TZM"), as a means of protecting its ownership of the Licence which the Board believes TZM could lose in the event of a successful claim, and other mining companies who may have a potential interest in the Licence.