Black Mountain divests of silver assets to focus on vermiculite

September 18, 2017

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ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda.

The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and Idaho, in a deal struck with Texas Energy Advisors, worth A$70 000.

Category: General