Pursuit Minerals (ASX:PUR) unit, Pursuit Exploration, entered into a binding agreement to sell its Commando and Warrior Projects in Western Australia to Kurnalpi Gold for AU$300,000, according to a Thursday Australian bourse filing.
The deal includes a AU$20,000 refundable deposit and AU$280,000 settlement payout.
The company will use the proceeds to fund its lithium development in Argentina and assess gold, silver, and critical mineral opportunities across the region, per the filing.
The company's shares closed down by more than 6% Thursday.
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