CZR Resources (ASX:CZR) said Miracle Iron Resources agreed with the Foreign Investment Review Board (FIRB) to extend the statutory deadline for the approval of the proposed sale of the Robe Mesa project in Western Australia, according to a Monday filing with the Australian bourse.
FIRB requested an extension to Jan. 24, 2025, due to its inability to complete an assessment of the application, the filing said. Consequently, the companies agreed to extend the sunset date of the transaction to the same date.
CZR Resources shares fell 5% in afternoon trade Monday.
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