Iron Road (ASX:IRD) received a AU$3 million non-dilutionary milestone payment from Canada-based Amp Energy as part of the Cape Hardy advanced fuels project in South Australia, according to a Thursday filing with the Australian bourse.
The payment follows Amp Energy's initial AU$1.5 million payment upon obtaining Foreign Investment Review Board approval, the filing said.
Amp Energy agreed to pay the company AU$22.5 million in progressive project development payments upon reaching agreed milestones through to the first production from the project, according to a separate filing in May 2024.
Iron Road shares fell more than 3% in afternoon trade Thursday.
Price (AUD): $0.06, Change: $-0.0020, Percent Change: -3.39%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。