Red Metal's Maronan Spin-off, Sybella Rare Earths Push

0:00It's April 7. This is Cindy News today, AI-powered stories from your city. Red metal limited just dropped a big move for its shareholders, planning an in-species distribution of shares from its ASX listed Marin and Metals. They hold a 35.2% stake, about 88.5 million shares in Moranon, which boasts huge resources like 100. 22 million ounces of silver, 271,000 tons of copper, and 760,000 ounces of gold. The plan gives eligible red metal investors, one Moranon share, for every 5.25 red metal shares they own, based on a record date of May, 14th. After the split, red metal keys around 15.4 million shares. Shareholders need to approve it first, but the board's all in on this. This shake-up diversifies Marinon's owners, and boasts its trading volume, making it more attractive to big funds as it ised development. For red metal, it clears the path to laser focus on their flagship Sebella Rare Earths project

1:05near Mount Issa in Queensland, without the drag of, holding Moronon stock. Sebella's got a massive and fird resource of 4.8 billion tons, rich in key rare earths like Neodymium Prasodemium at 302, parts per million. Recent tests show solid metallurgical results from weak acid leaching, with more optimization coming ahead of pre-fee's ability studies this year. Meanwhile, red metal's chasing copper gold hits at projects like Calibana and Polkari Mara, with $4.3 million in cash, red metal's now primed to turn Sebella into a world-class rare earth play, while hunting Australia's. This major copper deposits stray value, un-life for everyone involved.