AFARAK GROUP SELLS ILITHA MINE ASSETS
08:00 London, 10:00 Helsinki, 31 May 2021 – Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP SELLS ILITHA MINE ASSETS
Stock Exchange Release
The Board of Directors of Afarak has approved the arrangement for the sale of Ilithas plant, assets and mining right. Ilitha is a South African company which holds the Stellite mine. The buyers are WMA Chrome Mining Property Limited and WMA Minmet Processing Proprietary Limited (the Arrangement).
The total purchase price…
