Resource Mining Corporation Limited (ASX:RMI) executed a Binding Term Sheet to acquire Element92 Pte Ltd from Ropa Investments (Gibraltar) Limited on November 9, 2022. Under the terms of transaction, 40,000,000 RMI Shares is paid in tranches of 30 million RMI Shares on the conversion of the first ‘Exploration Reservation' to ‘Exploration Licence' by May 2024 and 10 million RMI Shares on the date that is three months after the date of issue of the 30 million RMI Shares. The transaction is subject to shareholder and/or regulatory approvals.