CAPITAL MARKETS

ATC buying Wolfram

STRUGGLING tungsten producer ATC Alloys is to buy the Wolfram Camp operation west of Cairns in Queensland, with vendor Canadian company Almonty to become the ASX-listed company's major shareholder.

Michael Quinn
ATC buying Wolfram

ATC, which has a tungsten plant in Vietnam, will acquire Wolfram Camp for $A6 million worth of shares, with Almonty to hold 53% of ATC.   However that stake will dilute given the requirement of ATC...

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