Please explain?30 Oct 2025 08:37
Can someone please explain what this means? Everyone seems to think that it's a no lose situation and they're basically paying for all the exploration and analysis for free. I can't see any company offering these services for free.
In order to complete the requirements of Stage 2, KoBold is required to spend a cumulative amount of up to US$6 million on exploration expenditure within a further 24-month period. If these requirements are achieved, then KoBold will increase its participating interest, and the shareholdings in the joint venture company will then be: 20% Tertiary Minerals (Zambia) Ltd, 70% Mwinilunga Exploration Limited, and 10% Mwashia Resources Limited.