ISR Capital's acquisition target receives renewal of exploration permit

-A +A

SINGAPORE (Nov 15): Tantalum Rare Earth Malagasy S.A.R.L.U (TRE), a company that holds the exploration licence to a Madagascar rare earth concession, has received a three-year renewal that gives exclusive rights up till Nov 2018, says ISR Capital in an SGX filing on Thursday night.

The licence was first awarded back in 2008, but has been renewed several times since.

With the renewal, ISR Capital, which is trying to acquire a 60% stake in Tantalum Holdings (Mauritius), which wholly owns TRE, has crossed another hurdle in...(click on link for full story on theedgesingapore.com)