CAPITAL MARKETS

Neometals joins new company 'gold rush' with plan to demerge nickel assets

NEOMETALS' shareholders look nicely placed as their company gets set to take advantage of a red-hot resources equities market by demerging its nickel assets located near the tiny outpost of Widgiemooltha in Western Australia into a separately listed company called Widgie Nickel.

 While the headframe is long gone, this is part of the Mt Edwards nickel ground being demerged into Widgie Metals by Neometals

While the headframe is long gone, this is part of the Mt Edwards nickel ground being demerged into Widgie Metals by Neometals

Under the proposal Neometals shareholders will receive shares in Widgie and get the opportunity to add to their interest by participating in an entitlement offer, with the parent company saying it is in...

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