Future Battery Minerals Limited (ASX:FBM) agreed to acquire an 85% stake in Coolgardie Nickel Pty. Ltd. from Corazon Mining Limited (ASX:CZN) on March 25, 2024. The consideration consists of AUD 1 million in cash and AUD 16.1 million in common equity and 120 million performance rights.

Transaction is Financed through placement of new shares worth AUD 6 million. Future Battery Minerals Limited obtaining shareholder approval to issue the Share Consideration and Performance Rights Consideration) . Completion will occur 5 Business Days after the satisfaction of the Conditions Precedent.

Transaction will completed in mid may.