Under pressure New Energy looking for new project

FORMER ruby hopeful New Energy Minerals has again changed corporate direction, this time selling the 40% it owns in the Caula vanadium-graphite project in Mozambique for A$7 million after being put under pressure by private equity firm Arena and its claim to be owed $5.1 million.

Under pressure New Energy looking for new project Under pressure New Energy looking for new project Under pressure New Energy looking for new project Under pressure New Energy looking for new project Under pressure New Energy looking for new project

New Energy is looking to roll on with another venture in the resources sector after deciding to exit the 2018-scoped Caula project

New Energy is selling its Caula interest to Hong Kong-based businessman Louis Ching, with Ching already owning 40% of the project following a $3.

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