InvestSMART

Capricorn Metals Ltd (ASX:CMM)

ALERT: Price-sensitive ASX Announcement for CMM
Current share price for CMM : $14.610 -1.45 (-9.03%)+
Announcement
Release
14 Aug 2026 8:17AM
Price at Release
$16.060
Full Release
download
Summary
Latitude 66 Limited has entered a binding agreement to sell its non-core Piastri Project to Capricorn Metals Ltd for A$1.5 million in Capricorn shares. This transaction aims to provide non-dilutive liquidity, allowing Latitude 66 to concentrate on its key projects in Finland and Western Australia, particularly the Laverton and KSB Projects. The Piastri Project, located near Capricorn's Ricciardo development in the Yalgoo-Singleton Greenstone Belt, offers strategic benefits, including exposure to a leading Australian gold developer. Latitude 66 is dedicated to unlocking value from its non-core assets while advancing its core projects.
Key Points
  • Latitude 66 entered into a binding agreement for the sale of the Piastri Project to Capricorn Metals Ltd for A$1.5 million in shares.
  • The transaction is set to provide non-dilutive liquidity for Latitude 66 to focus on Finnish projects and the Laverton Project in Western Australia.
  • The Piastri Project is located near Capricorn Metals' Ricciardo development within the Yalgoo-Singleton Greenstone Belt.
  • Latitude 66's Managing Director, Grant Coyle, emphasizes the strategic alignment of the sale and its benefit to shareholders.
  • Latitude 66 continues to explore opportunities to monetize non-core assets while focusing on core projects in Finland and WA.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.