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Jadar Resources to Spin Out Serbian Lithium and Borate Assets02/24/2021 | 02:25am
Jadar Resources Limited (ASX:JDR) will spin out its Serbian lithium and Borate assets. To spin out assets into a Balkan focused unit Balkan mining and minerals. Balkan will undertake IPO and seek listing on official list of Australian securities exchange. Under proposed transaction, Jadar will retain an interest of about 22% in Balkan post IPO. Sandfire has agreed to a AUD 2 million cornerstone investment into planned IPO.
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