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Reenova to exit tantalum venture, to offload concession for US$6 mil

The Edge Singapore
The Edge Singapore  • 2 min read
Reenova to exit tantalum venture, to offload concession for US$6 mil
The company paid $4.5 million for the stake
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Reenova Investment Holding’s rare earth adventure, which has put the company in the news since 2016, is poised to end.

The company, which used to be called ISR Capital, is selling its 75% stake in a tantalum concession in Madagascar to an entity called GRM Group for US$6 million.

No further information is provided on the buyer in the company’s announcement on Nov 10.

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