Capricorn Metals slumps after Yalgoo Project sale extension
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The news: Tempest Minerals has announced an extension of the completion date for the sale of its Yalgoo Project to Capricorn Metals to 14 February 2026. The mineral exploration company said the extension is needed to finalise administrative documentation and that the deal's terms and conditions remain unchanged.
Shares fell 8.59% to $13.57 at 11:01am AEDT.
The context: The extension follows Tempest Minerals agreement to sell the Yalgoo Project to Capricorn Metals for $4.5 million in December 2025.
Under the agreement, the Yalgoo tenements will be transferred in full to Capricorn, free of any third party royalties. Capricorn will also receive exploration and development rights of all minerals other than iron ore on the iron tenements.
The source: ASX
