Atrum Coal Ltd (AU:ATU) has released an update.
Atrum Coal Ltd is advancing its legal claim against the Government of Alberta over alleged expropriation of coal leases, with a trial set for April 2025. Meanwhile, the company has struck a deal to sell its Canadian subsidiaries to Panorama Resources, potentially receiving up to AU$1.55 million contingent on certain conditions. Atrum remains debt-free with a cash reserve of A$1.431 million as of September 2024.
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