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Tyranna Resources Limited (ASX:TYX)

ALERT: Price-sensitive ASX Announcement for TYX
Current share price for TYX : $0.003 -0.001 (-16.67%)+
Announcement
Release
19 Aug 2026 8:01AM
Price at Release
$0.003
Full Release
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Summary
Tyranna Resources Limited has successfully completed the sale of its Namibe Lithium Project in Angola through the sale of its 90% owned subsidiary AM (Mauritius) Limited to Sinomine Resource. The final transaction amount was USD$1,368,000, and it was approved by Tyranna shareholders on 7 August 2026. With the divestment, the company now has cash reserves of approximately $2.6 million and intends to concentrate on other opportunities in Angola. This strategic decision allows Tyranna to realign its focus and resources on exploring new prospects within the region.
Key Points
  • Tyranna Resources Limited has completed the sale of its Namibe Lithium Project.
  • The sale was made to Sinomine Resource for USD$1,368,000.
  • Tyranna sold its subsidiary AM (Mauritius) Limited, which holds the Namibe Lithium and Caesium Project.
  • The transaction was approved by Tyranna shareholders on 7 August 2026.
  • Tyranna now has cash reserves of approximately $2.6 million.
  • The company plans to focus on other opportunities in Angola.
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.