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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
M&A / Property Routine +

Kincora Executes Definitive Agreements for Divestment of Mongolian Assets

By The Northwire Desk — AI Analysis Jul 02, 2026 · 05:46 KCC · 0.84 Kincora Copper Limited
KCC · Price

Kincora Copper Limited has executed Share Purchase Agreements to divest its wholly owned Mongolian subsidiaries to a wholly owned subsidiary of Tumen Ail Coal LLC (TAC). The total aggregate staged consideration for the transaction is US$10-million, which will materially strengthen Kincora's balance sheet and allow the company to focus on its Australian portfolio.

The payment structure includes a previously received US$1.5-million option payment, a US$3.5-million stage payment due within five business days, and a final US$5-million payment to be held in escrow until shareholder registration is complete. The total consideration is payable free and clear of taxes, levies, or fees, excluding certain contractual obligations of Kincora. The final US$5-million payment is due into an escrow account and will be released upon registration of changes in shareholders of the Mongolian subsidiaries, which is anticipated before year-end.

CEO Sam Spring stated the transaction "materially strengthens Kincora's balance sheet, sharpens our focus on our Australian portfolio and unlocks inherent value of one of our portfolio of projects."

"We are pleased to have achieved this significant milestone for the divestment of Mongolian asset portfolio," said Sam Spring, Kincora President & CEO.

Kincora remains an Australia-focused gold-copper explorer with active drilling at Nevertire South and Condobolin projects.

Read the original news release →

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