AcroMeta inks non‑binding deal to enter Indonesian nickel trading, eyes 51% stake in Sulawesi concession
Summary:
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AcroMeta’s wholly owned unit AcroMeta Minerals has signed a non‑binding term sheet with PT Esa Jaya Labdagati to pursue a strategic partnership in Indonesian nickel trading.
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EJL operates nickel trading businesses in Sulawesi and Maluku and owns a nickel concession in South Konawe, Sulawesi, which sits at the core of the proposed collaboration.
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Under the term sheet, AcroMeta Minerals may provide up to S$2.0 million in funding and holds a six‑month option to acquire a 51% interest in the South Konawe concession, at the higher of S$0.06 per share or a 10% premium to AcroMeta’s prevailing share price, subject to valuation, due diligence and definitive agreements.
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The move is positioned as a selective entry into the global nickel value chain, supported by demand from stainless steel and energy transition uses, and is not expected to have a material impact on current‑year NTA or EPS.
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The term sheet remains non‑binding and there is no certainty the transaction will complete, with the company advising shareholders to exercise caution when trading its shares.