Post by
pennymaker69 on Dec 04, 2023 11:41pm
So even if there Peace in Yemmin they dont' know owership.
In February 2014, Piedmont exercised an option to commence the earn-in to the Project after which they may
earn an initial 40% interest in the project by expending US$5,000,000 within two years. As of May 2014,
Piedmont issued notice that it felt it had reached its 40% interest; the Company does not agree with this
statement. In October, 2014, Piedmont gave additional notice that they would no longer be funding the project.
Allocation of ownership of the project has not yet been finalized. In May 2021, the Company received notice
from Piedmont that it had assigned its interest in Al Hariqah to Lantern Resources Pty Ltd (“Lantern”), an affiliate
and subsidiary of Piedmont. In October 2022, the Company received notice that Lantern was selling its interest
in Al Hariqah to a third party; negotiations to determine and settle the percentages of ownership for the project
have not been completed to date
Comment by
givemeabreak1 on Dec 06, 2023 12:17am
Peace in Yemen? Not happening in our lifetime! As Trump would say just another Sht Hole Country lol!