trending Market Intelligence /marketintelligence/en/news-insights/trending/1UWfKMx4NiCGIN-nDiD-MQ2 content esgSubNav
In This List

Capricorn sells royalty on Energizer's Molo graphite deposit

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Capricorn sells royalty on Energizer's Molo graphite deposit

Capricorn MetalsLtd said May 11 that it started the first stage of the company's assetsale process in Madagascar with the sale of its 1.5% net smelter royalty on 's graphite deposit.

The royalty was sold to a Canadian investment group for an immediatecash payment of C$300,000. A further payment of C$1.0 million in cash will be madeonce commercial production at Molo begins.

Capricorn retains the right to receive a similar C$1.0 millionpayment from Energizer Resources when commercial production starts at the graphiteproject.