Amanta Resources Ltd. announced that it has regained a 100% interest in the Luang Namtha copper-silver /gold- molybdenum project, in northern Laos, following the termination of the Joint Exploration Agreement (JEA) with Japan Oil, Gas and Metals National Corporation (JOGMEC). Amanta and JOGMEC had entered into the JEA in May 2009 and jointly contributed approximately USD 8 million to the development of the Luang Namtha project by mid-2013, with JOGMEC earning a 52% interest in the project. Upon earning a majority interest, JOGMEC became a non-contributing party and the responsibility for ongoing project funding fell to Amanta. In order to seek funding, Amanta explored various joint venture and project financing opportunities, which resulted in the Company entering into a sale and purchase agreement with a Lao company in June of 2015. The Lao company was subsequently unable to meet its obligations under the agreement and Amanta cancelled the transaction in July of 2016.