MinRex Resources targets battery metals sector with new cobalt, scandium, copper and nickel projects

Gold explorer MinRex Resources (ASX: MRR) has followed other battery metal hopefuls in attempting to secure a slice of the cobalt, scandium, copper and nickel markets with its proposed acquisition of three projects in New South Wales and Western Australia.

Under the project acquisition terms, MinRex will pay A$100,000 non-refundable deposit and issue 1 million issue shares to the vendor Clean Power Resources. Further shares and options and cost reimbursements will be issued upon reaching certain milestones – amounting to 24.65% of MinRex’s issued capital.

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